The standard unit of value, used as medium of exchange during the Vedic period, was :
Options:
A . Pana
B . Both (d) and (c)
C . Necklet of gold (niska)
D . Cow
Answer: Option B Answer: (b)The Vedic period shows that the vedic people used cows as a medium of exchange. Niska and hiranyapinda, perhaps, were two types I of metallic medium of exchange prevalent in Vedic India. Rigvedic niskas and hiranyapindas, in this period, stood as a link between the money and currency stages of the development of the economy.
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