Answer:
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.