WBCS.LIVE practice question

The 'Token Currency' experiment using copper and brass coins was initiated by?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Iltutmish
  2. Alauddin Khalji
  3. Muhammad bin Tughlaq
  4. Firoz Shah Tughlaq

Correct answer and explanation

Correct answer: Muhammad bin Tughlaq

Explanation: āœ… Correct Answer: C) Muhammad bin Tughlaq šŸ“š Explanation: Muhammad bin Tughlaq introduced a token currency system in 1329-30, inspired by similar systems in China and Persia. He issued copper and brass coins that were intended to have the same value as gold and silver coins. However, widespread forgery by citizens led to the total failure of this radical economic reform.