Rulers granted the guilds the monopoly right to:
- Produce and trade certain goods
- Collect the customs duty owed
- Appoint the mayor of the town
- Raise a militia for the crown
Show answer and solution
Correct answer: A. Produce and trade certain goods
1. Guilds were associations of producers.
2. Rulers granted different guilds the monopoly right to produce and trade in specific products.
3. That monopoly is what shut new merchants out of the towns.
_Source: syllabus Social Science, 'India and the Contemporary World II', Ch 4 'The Age of Industrialisation'_