HISTORY
ANCIENT INDIA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Vedic period
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Maurya Period
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Gupta Period
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Sangam Period
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Detailed explanation-1: -"Niska ‘’ was used as a medium of exchange, in which of the following periods? Notes: During the Vedic age, 2 types of medium of exchange are Niska and hiranyapinda. Rigvedic niskas and hiranyapindas, in this period, stood as a link between the money and currency stages of the development of the economy.
Detailed explanation-2: -The unit value of goods was a gold bar called “nishka” weighing three hundred and twenty ratis, which was also the weight of a satamana. A ‘Krishnala’ weighed one rati, i.e. 1.8 grams.
Detailed explanation-3: -During the Rig Vedic period, livestock in general, and cows in particular, were the primary means of exchange.
Detailed explanation-4: -COW: The Vedic people considered the cow as their important wealth among the Cattles, and it was used as the “Standard unit of exchange” during later periods.
Detailed explanation-5: -According to the Rigveda, ‘Nishka’ is a throat ornament. Later, ‘Nishka’ was used to represent a gold coin.