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 ?

1. Emergence of urban life

2. 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

Answer- c

Source: Image from Source Book   from where question is picked, 

**MAX IAS follows source books in its classes