With reference to the guilds (Shreni) of ancient India that played a very important role in the country's economy, which of the following statements is /are correct
1. Every guild was registered with central authority of the state and king was the chief administrative authority on them
2. The wages, rules of work standards and prices were fixed by the guild
3. Guild had judicial powers over its own members
Select the correct answer using the codes given below : (a) 1 and 2 only (b) 3 only (c) 2 and 3 only (d) 1, 2 and 3

Options

A. 1 and 2 only
B. 3 only
C. 2 and 3 only
D. 1, 2 and 3

Answer

C