Q. Consider the following statements regarding the functioning of Shrenis during Mauryan and post-Mauryan period:

1. Shrenis served as banks.
2. Interest received by shrenis used to support religious institutions such as monasteries.

Choose the correct option from the codes given below:
Answer: Both 1 and 2
Notes: Many crafts persons and merchants now formed associations known as shrenis. These shrenis of crafts persons provided training, procured raw material, and distributed the finished product. Then shrenis of merchants organised the trade. Shrenis also served as banks, where rich men and women deposited money. This was invested, and part of the interest was returned or used to support religious institutions such as monasteries.