Choose given statement is true/false:

Towns grew around temples because towns were a centre of administrative significance and the temple authority used the temple wealth to finance banking and trade

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Detailed Solution

The above statement is True.
Towns grew around temples because towns were a centre of administrative significance and the temple authority used the temple wealth to finance banking and trade. Temples were usually significant to the economy and society. Kings built temples to prove their devotion to different deities. They also granted land and donated money to temples to perform elaborate rituals. Gradually a large number of priests, workers, artisans, traders, etc., started settling down near the temples to cater to its needs, resulting in the creation of temple towns.

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