In the context of the Vedic economy, what did the term 'Nishka' originally denote, before it evolved into a coin?

💡 Solution & Explanation

In the Rigvedic period, the term 'Nishka' designated a specific gold ornament worn around the neck before it transitioned into a recognized medium of exchange and standard coin in later Vedic times. This evolution highlights how primitive barter items and valuable personal ornaments gradually assumed monetary functions in early Indian societies.