Which of the following terms was used in ancient India to denote corporate guilds of merchants and artisans?

💡 Solution & Explanation

Sreni denoted the organized corporate guilds of merchants, traders, and artisans in ancient India that functioned autonomously to regulate production standards, prices, and wages. Terms like Sabha referred instead to Vedic assembly councils rather than specialized economic trade associations. These merchant guilds also served as banks by receiving deposits and issuing loans to traders.