During the Vedic period, the term 'Nishka' originally referred to which of the following?

💡 Solution & Explanation

During the early Vedic period, the term Nishka originally referred to a specific type of gold ornament worn around the neck. Over time, particularly in the later Vedic and early transitional phases, this valuable ornament began to be utilized as a standard medium of exchange and a unit of currency in trade transactions. Unlike administrative divisions or military ranks, the Nishka represents the early evolution of coinage in ancient India before regular stamped metallic coins emerged.