Urbanization

Consider the following statements

1. Pali texts contain the first definite references to coins, e.g., kahapana, nikkha, kamsa, and kakanika
2. 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

Consider the following statements about the archaeological findings in Harappan towns

1. There is a wide occurrence of spindle-whorls in the houses but absence of spinning wheels
2. Weights and measurement scales, complete with graduations have been discovered
3. There are houses built in large part with baked bricks, around relatively spacious courtyards, with their own wells, bathing platforms, and large rooms

Which of the following inferences can be drawn from the above statements?

1. Statement I suggests that spinning was a laborious activity done at home
2. Statement II suggests the extent of the scientific knowledge that the Harappans possessed
3. Statement III suggests the emergence of a common property system