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D. had reached a stage where quarterly markets were held in larger towns during the kamakura period.

e. was the dominant economic activity in the society by 500

c.e.

Answer :

In medieval India

a. cotton goods, spices and sandalwood were major exports.  

b. trade was so small in scale that cities shrank and overall wealth declined.  

c. merchants were universally poor, a reflection of the areas hostility to merchants.

d. the Parsis dominated the Hindu priestly caste by the eighth century C.E..  

e. warfare disappeared.

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