Q. Consider the following statements regarding material life of Mahajanapadas:
1.The setthi was a high level businessman, associated with trade and money lending.
2.The artisans and merchants lived in fixed localities in towns known as vessas.
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: The setthi was a high level businessman, associated with trade and money lending. Both artisans and merchants lived in fixed localities in towns known as vessas (merchant streets). Generally crafts were hereditary, and the son used to learn his family trade from his father.

Source: Tamil Nadu NCERT