Q. Consider the following statements:
1.Usury was in practice during the Gupta period.
2.The Guptas issued many gold coins but comparatively few silver and copper coins.
Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C
Notes:

Explanation: Usury (the lending of money at an exorbitant rate of interest) was in practice during the Gupta period.

  • The detailed discussion in the sources of that period indicates that money was used, borrowed and loaned for profit.
  • The Guptas issued many gold coins but comparatively few silver and copper coins. However, the post-Gupta period saw a decline in the circulation of gold coins.

Source: Tamil Nadu NCERT