The Indus Valley Civilization flourished under which economy?
Barter system
The Harappans carried on extensive internal trade and external trade with Mesopotamia (via ports such as Lothal), Afghanistan and Persia, but there is no evidence of metal coins or currency. Trade was carried on through the barter system.
Standardised cubical weights (in a binary-then-decimal system) and seals were used for measuring goods and marking ownership, not as money.
Feudalism developed in India much later (post-Gupta period), and the Harappan economy was based on agriculture, crafts and trade rather than industry.
Hence, the answer is Barter system.
Similar Questions
At which of the following Harappan sites has a dockyard been found suggesting the existence of trade?
Which of the following is the most unique feature of the Harappan civilisation?
- In Harappa, the granary had rows of ____________ brick platforms for threshing the grains.
- Which was the prominent architectural feature of the Indus Valley towns and cities?
- Which of the following Harappan sites is NOT located in the present-day Pakistan?
How many signs used to be part of the longest inscription found on Harappan seals?
- At which place is Harappan Dockyard found?
- In which Harappan site was a paved bathroom found?
- At which of the following places in the Indus valley civilisation a brick structure has been identified as a dockyard meant for berthing ships and handling cargo?
Which of the following metal traces were found in chemical analyses of both Omani copper and Harappan artefacts suggesting a common origin?
Important Questions from Harappa Civilization
Given below are two statements: One is labelled as Assertion A and the other is labelled as Reason R.
Assertion (A): The People of Harappan civilization are said to have commercial links with the people of the Tigris and Euphrates basins.
Reason (R): There is no archaeological evidence to substantiate the hypothesis of trade links with Mesopotamia.
In the light of the above statements, choose the most appropriate answer from the options given below:
Which of the following were the most standardised products of the Indus people?
Harappan believed in
At which of the following Harappan sites has a dockyard been found suggesting the existence of trade?
Which material was used to make the famous 'Dancing Girl' statue that belonged to the Indus Valley Civilization?
