Which one of the following statements is not true about the Shreni System of Ancient India?

Correct Answer: D. Shreni system was prevalent only in Northern India.

Explanation: Guild System (Śreṇī) in Ancient India Definition – A śreṇī (guild) was an organization of merchants and craftsmen in ancient India. Organization – Each profession (e.g., goldsmiths, weavers, potters) had its own guild. The head of the guild was called Jyeṣṭha or Śreṣṭhin (chief). Functions – The guild regulated the quality and prices of the goods produced. It exercised control over the ethical conduct and discipline of its members. Some guilds even issued their own coins, reflecting their strong economic influence. Spread – The guild system was not confined to North India only, but was prevalent throughout India. References to guilds are also found in South India, especially in Sangam literature and inscriptions. Importance – Provided an organized structure for trade and cottage industries. Played a significant role in both local and international trade. Guilds also participated in social and religious activities (e.g., building temples, rest houses). PYQ’s Solution English 8 Achievements of prominent rulers of major dynasties: Maurya, Kushan, Satvahan, Gupta, Chalukya, Pallava and Chola