Read the following statements about the economic life during Mahajanpad period:

i. In Pali texts, the term Gahapati is refered to a wealthy person who engaged in craft and manufacturing activities.

ii. In Palli texts, the term Setthi is used for for a very high level businessman associated with trade and money lending.

Choose the correct code :

1
Only statement (i) is true.
2
Only statement (ii) is true.
3
Neither statement (i) nor (ii) is true.
4
Both the statements are true.

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