Q. Consider the following statements Rig Vedic society economy:
1.It was predominantly based on agriculture.
2.The concept of private property was properly established.
Which of the statements given above is/are correct?
Answer: D
Notes:
Explanation: Since the Rig Vedic society was a pastoral society, cattle rearing was their dominant activity.
- The chief measure of wealth was cattle, and a wealthy man was known as Gomat one who owned many cattle.
- Many words are derived from the word ‘gau’, meaning cow.
- Evidence of trade and commerce is meagre, and there was no concept of private property based on land ownership. The clan as a whole enjoyed rights over the resources.
Source: Tamil Nadu NCERT

