UPSC Prelims 2026 Question 99 of 100

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 ?

1. Emergence of urban life
2. Transition to money economy

Select the answer using the code given below :