Q. 6

Describe the trade and commerce in Greater India.

Answer :

FOREIGN TRADE


a) STATUS: In ancient days, India was a developed country, whose traders would cross shores and kingdoms to sell the fine Indian goods in foreign markets. Indian villages were self-sufficient, and the country prided in being called the GOLDEN BIRD.


b) TRADE ROUTES: India traded through land and sea. China, Tibet, Arabia and Persia were prominent markets where goods travelled through land. Sri Lanka, Java and Sumatra were connected through the sea ports of Southern and Eastern India.


c) IMPORTS: Foreign traders also came to India with a variety of goods. This included gold, silver, ruby and diamond ornaments. Notably, we imported wine from western countries, silk from China, and wool from Nepal


d) EXPORTS: These goods were exchanged for Indian cotton, tobacco and spices. We sent clove and incensed good to Sri Lanka, and exported pearls to the larger market.


e) ADMINISTRATION: Trade relations were well-developed and overlooked by SARTHAWAH.


INTERNAL TRADE


Internal trade was carried out through both land and waterways. Major rivers, such as Ganga, Brahmaputra, Krishna and Kaveri, were used to transfer goods laden on huge wooden boats.


COMMERCIAL SYSTEM


a) In the earlier days, barter system was prevalent.


b) However, soon coins came in to existence. Gold coins (Nishk), silver coins (Dharan) and copper coins (Mashak, Kakni) were used for business transactions. This was regulated by the ruling kingdom.


c) Trade unions called Shrenis were established, who also performed the role of modern banks.


Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Related Videos
Discovering The Peninsular IndiaDiscovering The Peninsular IndiaDiscovering The Peninsular India53 mins
India – size and locationIndia – size and locationIndia – size and location34 mins
Quiz | Exploring the Physiography of IndiaQuiz | Exploring the Physiography of IndiaQuiz | Exploring the Physiography of India50 mins
Champ Quiz | India Tour - Learning Geographical AspectsChamp Quiz | India Tour - Learning Geographical AspectsChamp Quiz | India Tour - Learning Geographical Aspects36 mins
Champ Quiz | Trip to Dams and Rivers of IndiaChamp Quiz | Trip to Dams and Rivers of IndiaChamp Quiz | Trip to Dams and Rivers of India46 mins
Champ Quiz | Nazism and Rise of HitlerChamp Quiz | Nazism and Rise of HitlerChamp Quiz | Nazism and Rise of Hitler46 mins
Genius Quiz | A Journey through the GhatsGenius Quiz | A Journey through the GhatsGenius Quiz | A Journey through the Ghats36 mins
Quiz on Socialism in Europe and the Russian RevolutionQuiz on Socialism in Europe and the Russian RevolutionQuiz on Socialism in Europe and the Russian Revolution45 mins
Understand the Impulse and its Significance.Understand the Impulse and its Significance.Understand the Impulse and its Significance.43 mins
Tackling the Poverty-Schemes and PlansTackling the Poverty-Schemes and PlansTackling the Poverty-Schemes and Plans49 mins
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
caricature
view all courses