Question

Which resulted from the trade network developed during the Gupta Empire?

India developed a banking system.
Cultural advancements declined due to the focus on trade.
India faced fewer threats from its enemies.
The caste system spread through Asia along trade routes.

Answer 1

The correct answer is India developed a banking system.

Step-by-step explanation:

• The development of India’s banking system was a direct result of the trade networks that were established during the Gupta Empire.

• The Gupta rulers encouraged trade, and created infrastructure such as roads, ports, and canals to facilitate it.

• This allowed merchants to move goods more efficiently, and in turn created a demand for banking services.

• The Gupta Empire developed a sophisticated banking system that included the use of coins, bills of exchange, and credit arrangements.

• This system was further developed and refined under the Mughal and British empires, leading to the modern banking system we have in India today.