Question

Which of the following statement(s) is/are true regarding the European guilds?

• A. They controlled market prices.
• B. They decided quality of products.
• C. They imposed excessive taxes on the craftsman and traders.
• D. They controlled working hours of labourers.

Answer 1

Answer: (A), (B), (D)

The correct options are
A They controlled market prices.
B They decided quality of products.
D They controlled working hours of labourers.

Guilds were very important in medieval Europe. They had numerous responsibilities - such as, controlling market prices, deciding quality standards of products, controlling working hours of labourers, determining the mode of sale, and framing labour laws.