Which mode of production stood as a significant part of the Gupta Period economy?
Correct Answer: Agriculture
Subject: history
- Factory manufacturing
- Maritime Piracy
- Agriculture
- Nomadic herding
Explanation: Agriculture stood as a significant part of the Gupta Period economy.
• The main sources of royal revenue were land taxes derived from agricultural output.
• The empire heavily depended on taxes like Halivakara (tax on ploughing).
• Factory manufacturing is a modern concept; nomadic herding was early Vedic.
• Ancient Indian empires, including Mauryas and Guptas, were fundamentally agrarian economies.
• Taxes were typically 1/6th of the agricultural produce.