[Solved] Which of the following phrases defines the nature of the ‘Hundi’ generally referred to in the sources of the post-Harsha period? a. An advisory issued by the king to his subordinates b. A diary to be maintained for daily accounts c. A bill of exchange d. An order from the feudal lord to his subordinates

Q45. Which of the following phrases defines the nature of the ‘Hundi’ generally referred to in the sources of the post-Harsha period?

a. An advisory issued by the king to his subordinates

b. A diary to be maintained for daily accounts

c. A bill of exchange

d. An order from the feudal lord to his subordinates

Answer: C

Hundi:

It is a financial instrument that developed in Medieval India for use in trade and credit transactions.

They were used

As remittance instruments (to transfer funds from one place to another)

As credit instruments (to borrow money)

Trade transactions (as bills of exchange).

Hence option 3 is correct

Extra:

The period assigned to Harsha or Harsha Vardhana reign is 606 AD until 648 AD.

Chinese Pilgrim Huen Tsang visited Harsha.

Harshacharita was authored by Banabhatta.