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?
    • 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 :

  • 1 and 2 only
  • 3 only
  • 2 and 3 only
  • 1, 2 and 3
With reference to the guilds (Shreni) of ancient India that played a very important role in the coun
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