Ancient History Art And Culture
Which among conclusions has been derived from the debasement of the coins and gradual disappearance of gold coins during the post-Gupta period?
Commodities became cheap
Money economy was gradually replaced by Barter Economy
Earliest evidence of Banking in India is found from the period of Vedic Civilization. During those days, loan deeds called rnapatra (ऋणपत्र) or rnalekhya (ऋणलेख्य) were prevalent. Interest rates as well as usury (सूदखोरी) was prevalent in Vedic India. The Vedic word Kusidin refers to an usurer (सूदखोर).This term is also found in Manusmriti.
According to B. B. Lal, former DG of ASI, Kalibangan site shows that an earthquake occured around 2600 BC, which brought to an end the Early Indus settlement at the site. It is perhaps the earliest archaeologically recorded earthquake.
Chandragupta Maurya was the founder of the Mauryan empire. In Greek and Latin accounts he is also mentioned as Sandrocuttos. It is believed that Chandragupta Maurya adopted Jainism and became an ascetic under the Jain saint Bhadrabahu.
EXAMIANS