With reference to the financial and credit systems in the 6th Century BCE, consider the following statements:\n1. Early Buddhist texts frequently mention 'Ina' (debt) and 'Ananata' (debtlessness) as key socio-economic concepts.\n2. Money-lending was considered a highly degraded and sinful profession by early Buddhist canonical literature.\n3. The 'Setthis' acted as institutional bankers who accepted deposits, advanced loans, and issued letters of credit.\nWhich of the statements given above is/are correct?

Options:

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

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