Question -
Answer -
(i) The iron chest contained an old blanket.
(ii) The shepherd said that the old blanket was the only treasure he had. It was his oldest friend. It would still protect him if at any time the king would take away his new cloaks. Therefore, the shepherd always carried it with him.
(iii) It is an example of the shepherd’s humility as well as his wisdom. The old blanket always reminded him that he had been a poor shepherd. It also proved that he was wise not to rely on the wealth that the king had given him.