Which of the following Sultan of Delhi introduced the token currency system in India?

Correct answer: Muhammad bin Tughlaq

Explanation: ✅ Correct Answer: (C) Muhammad bin Tughlaq 📚 Explanation: Muhammad bin Tughlaq introduced a token currency system in 1330 AD, issuing copper and brass coins that were intended to have the same value as gold and silver coins. This experiment was inspired by similar systems in China and Persia. However, the move failed because the state could not prevent large-scale forging of the new coins. Eventually, the Sultan had to withdraw the token currency and exchange the forged copper coins for genuine silver and gold ones from the royal treasury, causing a massive financial loss.