Some important administrative posts were hereditary during the Rashtrakuta and Chola dynasties. The post 'nagara-shreshthi' meant?

Merchant of the city

The correct answer is Option 2- Merchant of the city

The post 'nagara-shreshthi' meant Merchant of the city.

The nagara-shreshthi was the chief banker or merchant of the city. They played an important role in the economy of the Rashtrakuta and Chola dynasties. They were responsible for managing the city's finances, trade, and commerce. They also played a role in the city's administration, and were often consulted by the king on matters of trade and finance.

The other options are incorrect:

• Leader of the merchant caravans: This was known as the sarthavaha.
• Important minister: This was known as the maha-amatya.
• Chief judicial officer: This was known as the maha-danda-nayaka.