APPSC Group-II Mains 2019 Paper II · Question 5

Question 5 of the APPSC Group-II Mains 2019 Paper II (August 2019). Try it first, then open the answer and explanation.

1. Mains 2019 · P-II · Q5 · AP History & Culture · Ancient Andhra

   Generally, the rate of interest on deposits in guilds during the Satavahana period was

   సాధారణంగా శ్రేణులు నిర్వహించే బ్యాంకుల్లో డిపాజిట్ చేసిన సొమ్ముపై శాతవాహనుల కాలంలో వడ్డీ రేటు ఇలా ఉండేది:

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   Answer: 12%

   సమాధానం: 12%

   The Nasik inscriptions record endowments deposited with weavers' guilds at interest of about 1% a month (12% a year), with the interest used for monks' needs.

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