With reference to the guilds (Shreni) of ancient India that played a very important role in the country's economy, which of the following statement(s) is/are correct?

1. Every guild was registered with the central authority of the State and the king was the chief administrative authority on them.

2. The wages, rules of work, standards, and prices were fixed by the guild.

3. The guild had judicial powers over its own members.

Select the correct answer using the codes given below:

The Transformation From the Ancient to Medieval Phase

1. After the decline of the Gupta Empire, there was not a single dynasty that ruled on the entire kingdom, rather, India was divided into several Provincial kingdoms. The lack of unity among the indigenous kingdoms gave room for the foreign invaders to exploit India and even to establish their respective kingdoms. Given below is the list of major provincial kingdoms.

2. The immediate successor of the Gupta rulers was feudal from different parts of India. It was due to the excessive land grants given by the Gupta rulers that resulted in the emergence of different regional powers, and finally, when the regional powers became weak, India went under the control of the Medieval rulers.

Major Feudal Who Ruled Over India After Gupta

After the decline of the Harshvardhana, there was not a single dynasty that ruled on the entire kingdom, rather, India was divided into several Provincial kingdoms. The lack of unity among the indigenous kingdoms gave room for the foreign invaders to exploit India and even to establish their respective kingdoms. Given below is the list of major provincial kingdoms.

Major Provincial Kingdoms and the Associated Area