4. With reference to the guilds
(Shreni) of ancient India that
played a very important role in the country’s economy, which of
the following statements is/are
correct? (UPSC / IAS 2012)
1) Every guild was registered with the
central authority of the State and the
king was the chief administrative
authority on them.
2) The wages, rules of work, standards
and prices were fixed by the guild.
3) The guild had judicial powers over its
own members.
Select the correct answer using the
codes given below: