50. (A) The establishment of trade guilds (\'{s}hren{\=\i}s) in ancient India significantly contributed to the economic prosperity of the empire by allowing traders and craftsmen to collaborate rather than compete.
(R) Guilds had the autonomy to create their own internal rules and regulations, which minimized interference from the ruling authority and fostered a self-sustaining trade ecosystem.
Key Concept: Guilds, Economic power, Trade routes
a) Both Assertion and Reason are true, and Reason is the correct explanation of Assertion.
[Solution Description]
The assertion states that trade guilds (\'{s}hren{\=\i}s) contributed to economic prosperity by fostering collaboration among traders and craftsmen. This is true as guilds facilitated resource-sharing and market coordination, benefiting all members. The reason claims that guilds' autonomy in rule-making reduced interference from rulers, enabling a self-sustaining trade system. This is also correct because historical evidence shows guilds operated independently under elected leaders, ensuring smooth trade without royal intervention. Moreover, the reason logically explains why guilds were successful (as stated in the assertion), as their autonomy directly supported collaborative efforts. Thus, both statements are true, and the reason correctly explains the assertion.
Your Answer is correct.
a) Both Assertion and Reason are true, and Reason is the correct explanation of Assertion.
[Solution Description]
The assertion states that trade guilds (\'{s}hren{\=\i}s) contributed to economic prosperity by fostering collaboration among traders and craftsmen. This is true as guilds facilitated resource-sharing and market coordination, benefiting all members. The reason claims that guilds' autonomy in rule-making reduced interference from rulers, enabling a self-sustaining trade system. This is also correct because historical evidence shows guilds operated independently under elected leaders, ensuring smooth trade without royal intervention. Moreover, the reason logically explains why guilds were successful (as stated in the assertion), as their autonomy directly supported collaborative efforts. Thus, both statements are true, and the reason correctly explains the assertion.