Question : The token currency using copper and brass coins was modelled after which country's example by Muhammad bin Tughlaq?
Option 1: Japan
Option 2: Greece
Option 3: China
Option 4: Russia
Correct Answer: China
Solution : The correct option is China
Muhammed bin Tughlaq ruled over Northern India between 1325 to 1351. He is famous for his administrative and economic reforms. He established the Token Currency System in medieval India. Paper money that the then-ruling Chinese emperor Kublai Khan produced served as the model for the token currency. Bronze tankas were introduced and declared to be worth the same as silver tankas by Muhammad bin Tughlaq.
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