'Hundikas' in Early Medival times is associated with :

Correct option is B

The correct answer is (b). 'Hundi' or 'Hundika' was a financial instrument that developed in Medieval India for use in trade and credit transactions, acting as a bill of exchange.
Information Booster

• Hundis allowed merchants to transfer large sums of money without the risk of carrying physical cash.
• They were used for long-distance trade, especially by communities like the Marwaris and Jain traders.
• A Hundi could be 'Darshani' (payable on sight) or 'Muddati' (payable after a certain period).
• They reflected the growth of a sophisticated credit and banking system in pre-colonial India.
• The system relied heavily on the 'Hundi-network' and the mutual trust between brokers (Sarrafs).

• Inscriptions: While some copper plates mention trade, Hundis were specifically paper/document-based credit.
• Sarrafs: Money-changers and bankers who played a key role in the Hundi market.
• Titles: Indian rulers used titles like 'Maharajadhiraja' or 'Sultan', but not 'Hundika'.