With reference to the merchant and craft guilds (Srenis) during the Gupta period, consider the following statements: 1. The Mandsaur Stone Inscription of Kumaragupta I records the migration of a guild of silk-weavers from Lata (Gujarat) to Dashapura (Malwa) and their transition to other professions. 2. Guilds possessed their own seals, issued their own coinage in times of crisis, and could even maintain their own private militia (Srenibala). 3. The central government of the Guptas appointed a royal officer called Prathamakulika to directly run the daily operations of all major merchant guilds. Which of the statements given above is/are correct?

Options:

• A: 1 and 2 only
• B: 2 and 3 only
• C: 1, 2 and 3
• D: 1 only

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