BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The Vedic word Kusidin refers to____?
A
A banker
B
An usurer
C
A farmer
D
A trader
Explanation: 

Detailed explanation-1: -Notes: The Vedic word Kusidin refers to an usurer. Usury was prevalent in India since ancient times.

Detailed explanation-2: -The Vedic word Kusidin refers to a usurer. This term is also found in Manusmriti.

Detailed explanation-3: -The Vedic word Kusidin refers to an usurer. Manusmriti condemns usury and calls it an acceptable means of acquiring wealth.

Detailed explanation-4: -The Early Vedic period is also known as the Rig Vedic period. In this period, the Indo-Aryans (c. 1750 BCE to 1000 BCE) believed mostly in pastoral activities, limited agriculture with a smaller economy.

Detailed explanation-5: -The groups of the villages belonged to a clan (Vis) and many clans made a community called Jana.

There is 1 question to complete.