1.
Consider the following statements:
- I. Pali texts contain the first definite references to coins, e.g., kahapana, nikkha, kamsa, and kakanika.
- II. The literary evidence from Pali texts is corroborated by archaeological evidence of punch-marked coins from many sites, most of them made of silver.
The above statements have been associated with which of the following?
- Emergence of urban life
- Transition to money economy
Select the answer using the code given below:
A
1 only
B
2 only
C
Both 1 and 2
D
Neither 1 nor 2