The introduction of token currency by Muhammad-bin-Tughlaq did not succeed because __________.
the scarcity of silver for minting the silver Thanka was over
merchants refused to accept the token currency
extensive counterfeiting of token currency
foreign trade suffered badly

Question

The introduction of token currency by Muhammad-bin-Tughlaq did not succeed because __________.
the scarcity of silver for minting the silver Thanka was over
merchants refused to accept the token currency
extensive counterfeiting of token currency
foreign trade suffered badly

Toppr Admin · Accepted Answer

Muhammad bin Tughluq was the Sultan of Delhi from 1325 to 1351- In 1330- after his failed expedition to Deogiri- he issued token currency- that is coins of brass and copper were minted whose value was equal to that of gold and silver coins- Use of token coins can be successful when the government alone makes them and takes people into confidence- but Tughlaq failed to check counterfeiting of currrency-

The introduction of token currency by Muhammad-bin-Tughlaq did not succeed because __________.the scarcity of silver for minting the silver Thanka was overmerchants refused to accept the token currencyextensive counterfeiting of token currencyforeign trade suffered badly

The introduction of token currency by Muhammad-bin-Tughlaq did not succeed because __________.
the scarcity of silver for minting the silver Thanka was over
merchants refused to accept the token currency
extensive counterfeiting of token currency
foreign trade suffered badly