Monetary Innovations
UPSC Archival Analysis
Exam Year
2004
Evidence Source
UPSC Level
ID: HIS_MED_2004_93 Ref: Standard Educational Reference
For the first time the token currency was introduced in India by:
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Correct Option: D
Muhammad-Bin-Tughluq was the first ruler to introduce token currency in India, issuing copper and brass coins as equivalents to silver in 1330.