The 'Arthashastra' is one of the world's oldest treatises on the economic administration of a state. The aim of the three main types of economic activities - agriculture, cattle rearing and trade, was to generate resources in the form of grains, cattle, gold, forest produce and labours.
Using these, the king obtained a treasury and an army which were then used to bring under his control both own people and the people of the enemy. Wealth alone enabled the creation of more wealth.
A king with a depleated treasury ate into the very vitality of the country. The wealth of the state was the totality of the surplus stored in the king's treasury, the commodity warehouse, the granary, the store for forest produce and the ordnance depots.
Of these, the treasury was the most important; the king was advised to devote his best attention to it, because all the activities of the state depended on it.
Which one of the following is the world's oldest treaties on the economic administration of the state?
Correct Answer: B. Arthashastra by Kautilya
Solution:Arthashastra by Kautilya is considered one of the world’s oldest treatises on the economic administration of a state. It provides comprehensive details on various economic activities such as agriculture, cattle rearing, and trade.The other options, such as “The moral and political thought of Mahatma Gandhi” by Raghvan Iyer, “War and political Theory” by Brian Orend, and “The Art of War” by Sun Tzu, do not focus on economic administration of a state.
Arthashastra specifically emphasizes the importance of a well-managed treasury and other resources, underscoring its relevance in economic administration.