During the time of Nahapana, what was the exchange rate between the suvarna and the karshapana in Maharashtra?

Correct answer: (c) 1 : 35

Explanation

Nahapana was the greatest ruler of the Kshaharata line of the Western Kshatrapas (Shakas), who ruled parts of western India, including Maharashtra and Gujarat, around the late 1st or early 2nd century CE.

Inscriptions of his son-in-law Ushavadata in the Nasik caves record gifts of money, and they give the rate: 1 gold suvarna = 35 silver karshapanas. They show a well-developed money economy in western India, which traded with Rome.

The Satavahana king Gautamiputra Satakarni later defeated Nahapana and re-stamped many of his silver coins, as the Jogalthembi hoard shows.