History • Ancient IndiaMedium
Consider the following statements regarding the economic life in ancient Kerala during the early historic period: 1. The discovery of large hoards of Roman gold and silver coins (denarii) at sites like Eyyal and Valluvally indicates a favorable balance of trade for the Chera country. 2. Cowrie shells were entirely absent from the exchange medium of ancient Kerala due to the abundance of Roman currency. Which of the statements given above is/are correct?
A. 1 only✓ Correct Answer
B. 2 only
C. Both 1 and 2
D. Neither 1 nor 2
💡 Solution & Explanation
The discovery of extensive Roman currency hoards in ancient Chera ports like Muziris demonstrates a robust and favorable export-driven trade balance for ancient Kerala. Cowrie shells and barter continued concurrently in domestic markets for minor retail transactions alongside imported bullion.
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