Ancient History › Trade & Economy – UPSC Prelims PYQs

8 questions · 1995–2026 · answers as per the UPSC key

Take test Free Study this topic: Ancient India
By year: UPSC 2026 (1)UPSC 2023 (1)UPSC 2020 (1)UPSC 2012 (1)UPSC 2011 (1)UPSC 1999 (1)UPSC 1997 (1)UPSC 1995 (1)

Consider the following statements : I. Pali texts contain the first definite references to coins, e.g., kahapana, nikkha, kamsa, and kakanika. II. The literary evidence from Pali texts is corroborated by archaeological evidence of punch-marked coins from many sites, most of them made of silver. The above statements have been associated with which of the following ?

  1. Emergence of urban life
  2. Transition to money economy

Select the answer using the code given below :

(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Show answer
Answer: (c) Both 1 and 2

With reference to ancient South India, Korkai, Poompuhar and Muchiri were well known as

(a) capital cities
(b) ports
(c) centres of iron-and-steel making
(d) shrines of Jain Tirthankaras
Show answer
Answer: (b) ports

Which of the following phrases defines the nature of the ‘Hundi’ generally referred to in the sources of the post-Harsha period ?

(a) An advisory issued by the king to his subordinates
(b) A diary to be maintained for daily accounts
(c) A bill of exchange
(d) An order from the feudal lord to his subordinates
Show answer
Answer: (c) A bill of exchange

With reference to the guilds (Shreni) of ancient India that played a very important role in the country's economy, which of the following statements is/are correct?

  1. Every guild was registered with the central authority of the State and the king was the chief administrative authority on them.
  2. The wages, rules of work, standards and prices were fixed by the guild.
  3. The guild had judicial powers over its own members.

Select the correct answer using the codes given below :

(a) 1 and 2 only
(b) 3 only
(c) 2 and 3 only
(d) 1, 2 and 3
Show answer
Answer: (c) 2 and 3 only

India maintained its early cultural contacts and trade links with Southeast Asia across the Bay of Bengal. For this pre-eminence of early maritime history of Bay of Bengal, which of the following could be the most convincing explanation/explanations ?

(a) and
(b) are convincing explanations in this context
(c) Monsoon winds across the Bay of Bengal facilitated sea voyages
(d) Both
Show answer
Answer: (c) Monsoon winds across the Bay of Bengal facilitated sea voyages

From the third century AD when the Hun invasion ended the Roman Empire, the Indian merchants relied more and more on the

(a) African trade
(b) West European trade
(c) Southeast Asian trade
(d) Middle Eastern trade
Show answer
Answer: (c) Southeast Asian trade

Which one of the following was a corporation of merchants in ancient India?

(a) Chaturvedi Mangalam
(b) Parishad
(c) Ashtadikgaja
(d) Manigrama
Show answer
Answer: (d) Manigrama

The term Yavanapriya, mentioned in ancient Sanskrit texts, denoted

(a) a fine variety of Indian muslin
(b) ivory
(c) damsels sent to the Greek court for dance performance
(d) pepper
Show answer
Answer: (d) pepper