|Consider the following statements regarding the types of punch-marked coins, which were in use during the pre-Mauryan age.|
|1. The coin of highest value in circulation was the Silver Kakani.|
|2. The Karshapana is said to equal 18 mashas and was divided into a half (ardha) and a quarter (pada).|
|3. The support of the backing of coins by the state is not referred to, until the Arthashastra.|
|4. The issuing authority were the trading groups backed by the rajas of their lineage.|
|Select the correct answer using the codes given below.|
A) 1 and 2
B) 2, 3 and 4
C) 3 and 4
D) None of these
Correct Answer: C
Solution :[c] The coin of highest value in circulation was the Silver Satamana. The Karshapana is said to equal of 16 mashas and was divided into a half (ardha) and a quarter (pada).
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