What type of economy is described as prevalent in ancient and medieval India?

CA Foundation · Business Economics · PYQS · September 2025
What type of economy is described as prevalent in ancient and medieval India?
(A) A. A predominantly agricultural economy
(B) B. A self-reliant and prosperous economy
(C) C. A heavily trade-dependent economy
(D) D. A barter-based economy

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. A self-reliant and prosperous economy

Topics: Indian Economy

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