Which of the following terms was used in ancient India to designate the guilds of merchants and traders that also held executive judicial powers over their members?

💡 Solution & Explanation

In ancient India, Sreni denoted autonomous associations or guilds of merchants, artisans, and traders that regulated production, fixed prices, and exercised executive and judicial powers over their members. Terms like Puga and Vrata represented different assemblies or tribal groupings, whereas Kula referred to family lineage.