{"id":2488,"date":"2025-05-02T14:20:30","date_gmt":"2025-05-02T08:50:30","guid":{"rendered":"https:\/\/lotusarise.com\/qna\/?p=2488"},"modified":"2025-05-02T14:20:32","modified_gmt":"2025-05-02T08:50:32","slug":"q-which-of-the-following-phrases-defines-the-nature-of-the-hundi-generally-referred-to-in-the-sources-of-the-post-harsha-period","status":"publish","type":"post","link":"https:\/\/lotusarise.com\/qna\/upsc\/q-which-of-the-following-phrases-defines-the-nature-of-the-hundi-generally-referred-to-in-the-sources-of-the-post-harsha-period","title":{"rendered":"Q. Which of the following phrases defines the nature of the \u2018Hundi\u2019 generally referred to in the sources of the post-Harsha period?"},"content":{"rendered":"\n<ul class=\"wp-block-list mcq\">\n<li>An advisory issued by the king to his subordinates<\/li>\n\n\n\n<li>A diary to be maintained for daily accounts<\/li>\n\n\n\n<li>A bill of exchange<\/li>\n\n\n\n<li>An order from the feudal lord to his subordinates<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>Answer:<\/strong>&nbsp;<strong>(c) A bill of exchange<\/strong><\/p>\n<\/blockquote>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"hundi\"><strong>Hundi:<\/strong><\/h5>\n\n\n\n<ul class=\"wp-block-list\">\n<li>It is a<strong>\u00a0financial instrument\u00a0<\/strong>that developed in Medieval India\u00a0<strong>for use in trade and credit transactions.<\/strong><\/li>\n\n\n\n<li>They were used\n<ul class=\"wp-block-list\">\n<li><strong>As remittance instruments<\/strong>\u00a0(to transfer funds from one place to another)<\/li>\n\n\n\n<li><strong>As credit instruments\u00a0<\/strong>(to borrow money)<\/li>\n\n\n\n<li><strong>trade transactions<\/strong>\u00a0(as bills of exchange).<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"taxes\">Taxes:<\/h5>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Uparikara<\/strong>\u00a0\u2014\u00a0<strong>Levied on cloth, oil, etc<\/strong>. when taken from one city to another.<\/li>\n\n\n\n<li><strong>Shulka<\/strong>\u00a0\u2014\u00a0<strong>Commercial tax<\/strong>\u00a0paid by the organisation of the traders. Non-payment of which resulted in cancellation of the right to trade and a fine amounting to eight times of the original Shulka.<\/li>\n\n\n\n<li><strong>Vishthi<\/strong>\u00a0\u2014 Practice of\u00a0<strong>Forced labour<\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Answer:&nbsp;(c) A bill of exchange Hundi: Taxes:<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[1,3],"tags":[40],"years":[53],"class_list":["post-2488","post","type-post","status-publish","format-standard","hentry","category-upsc","category-prelims","tag-ancient-history","years-53"],"acf":[],"taxonomy_info":{"category":[{"value":1,"label":"UPSC"},{"value":3,"label":"Prelims"}],"post_tag":[{"value":40,"label":"Ancient History"}],"years":[{"value":53,"label":"2020"}]},"featured_image_src_large":false,"author_info":{"display_name":"LotusArise","author_link":"https:\/\/lotusarise.com\/qna\/author\/team-lotusarise"},"comment_info":0,"category_info":[{"term_id":1,"name":"UPSC","slug":"upsc","term_group":0,"term_taxonomy_id":1,"taxonomy":"category","description":"","parent":0,"count":1269,"filter":"raw","cat_ID":1,"category_count":1269,"category_description":"","cat_name":"UPSC","category_nicename":"upsc","category_parent":0},{"term_id":3,"name":"Prelims","slug":"prelims","term_group":0,"term_taxonomy_id":3,"taxonomy":"category","description":"","parent":1,"count":1251,"filter":"raw","cat_ID":3,"category_count":1251,"category_description":"","cat_name":"Prelims","category_nicename":"prelims","category_parent":1}],"tag_info":[{"term_id":40,"name":"Ancient History","slug":"ancient-history","term_group":0,"term_taxonomy_id":40,"taxonomy":"post_tag","description":"","parent":0,"count":108,"filter":"raw"}],"_links":{"self":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/2488","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/comments?post=2488"}],"version-history":[{"count":0,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/2488\/revisions"}],"wp:attachment":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/media?parent=2488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/categories?post=2488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/tags?post=2488"},{"taxonomy":"years","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/years?post=2488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}