What global situation influenced Tughluq's decision?

A worldwide shortage of silver in the 14th century prompted many rulers to experiment with alternative metals and fiduciary currency.

Economic Experiments in History

UPSC Archival Analysis

Exam Year

2004

Evidence Source

Link

ID: ART_MIS_2004_52 Ref: Our Pasts - II

For the first time, the token currency was introduced in India by:

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Correct Option: D

Muhammad-Bin-Tughluq introduced token currency in India for the first time in 1330. He issued brass and copper coins with the same nominal value as silver and gold.