The token currency of brass and copper, made legal tender at the value of silver, was issued by
- A.Balban
- B.Muhammad bin Tughlaq
- C.Sikandar Lodi
- D.Akbar
Correct answer
Explanation
The correct answer is B, Muhammad bin Tughlaq. In 1329 or 1330 he issued brass and copper tokens declared to be worth a silver tanka. Because the state could not stop imitation, forged tokens were struck in ordinary households, the real silver went out of circulation and the Sultan finally had to redeem the tokens with silver, a heavy loss to the treasury. He is still called the prince of moneyers for the variety of his coinage. Option A is wrong because Balban is known for his theory of kingship and the policy of blood and iron, not for currency. Option C is wrong because Sikandar Lodi issued no such experiment. Option D is wrong because Akbar struck Ilahi era and square coins but no token money.
Read the full article: Coins and Currency in Indian History: Exam Notes
Practice Questions
View allThe earliest coins of India, stamped with separate symbols and carrying no legend, are known as
- A.Punch-marked coins
- B.Dinara coins
- C.Jital coins
- D.Potin coins
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These are the oldest Indian coins, mostly silver pieces cut into irregular shapes and impressed with symbols punched one at a time, such as the sun, a six-armed wheel, hills, trees and animals.
Read the full explanation →The silver tanka and the copper jital were introduced in India by which ruler?
- A.Qutb-ud-din Aibak
- B.Iltutmish
- C.Alauddin Khalji
- D.Firoz Shah Tughlaq
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Iltutmish gave the Delhi Sultanate its standard coinage by issuing the silver tanka and the copper jital, with purely Arabic legends and the name of the mint, and this pair remained the basis of Sultanate currency.
Read the full explanation →The silver coin called rupiya, the ancestor of the modern Indian rupee, was first issued by
- A.Sher Shah Suri
- B.Humayun
- C.Akbar
- D.Jahangir
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As part of his reform of the currency he issued a silver coin of about one hundred and seventy-eight grains called the rupiya, together with a copper dam and a gold mohur, and fixed their rates of exchange.
Read the full explanation →Coins bearing the twelve signs of the zodiac were issued by which Mughal emperor?
- A.Akbar
- B.Jahangir
- C.Shah Jahan
- D.Aurangzeb
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Jahangir struck a celebrated series of gold and silver coins showing the twelve signs of the zodiac, and another series carrying his own portrait, which is unusual in Islamic coinage; he also issued coins in the name of Nur Jahan.
Read the full explanation →The largest number of gold coins in ancient India was issued by which dynasty?
- A.The Mauryas
- B.The Satavahanas
- C.The Guptas
- D.The Cholas
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Gupta gold coins, called dinara, survive in greater numbers than those of any other ancient Indian dynasty, and their types form a gallery of royal images: the King and Queen type, the Ashvamedha and Lyrist types of Samudragupta, and the Archer and Chakravikrama types of Chandragupta II.
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