Q. The term “hundis” was associated with which of the following?
Red Book
Red Book

[A] Financial document

[B] Donations to God

[C] Pots for funerals

[D] Ornaments storage pits

Answer: A
Notes:

Explanation: The movement of goods was also facilitated by the growth of a financial system which permitted easy transmission of money from one part of the country to another.

This was done through the use of hundis, a paper document promising payment of money after a fixed period of time at a discount and certain place.

Source: Poonam Dahiya

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