UPSC CSE Prelims
Guild System Previous Year Questions (PYQs)
Practice solved questions for Guild System with detailed step-by-step solutions, key insights, and trend analysis for UPSC CSE PRELIMS.
Solved Previous Year Questions
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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?
- Every guild was registered with the central authority of the State and the king was the chief administrative authority on them.
- The wages, rules of work, standards and prices were fixed by the guild.
- The guild had judicial powers over its own members.
Select the correct answer using the codes given below:
Detailed Explanation:
❌ Statement 1 – Incorrect: Guilds (Shrenis) were autonomous bodies headed by a chief (Jetthaka/Pramukha), not registered with central authority or directly administered by the king.
✅ Statement 2 – Correct: Guilds fixed wages, work rules, quality standards, and prices to regulate their respective trades and maintain market stability.
✅ Statement 3 – Correct: Guilds possessed judicial powers over members, settling disputes according to Shreni-dharma (customary guild laws) recognized by the state.
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