Which of the following Delhi Sultanate rulers introduced the token currency system by issuing brass and copper coins minted to match the value of silver tankas?

💡 Solution & Explanation

Muhammad bin Tughluq introduced a token currency system by issuing bronze and copper coins assigned the same face value as silver tankas, which ultimately failed due to rampant counterfeiting. Alternative rulers like Ala-ud-din Khalji implemented market control reforms rather than token currency experiments. Medieval Indian history questions heavily emphasize administrative experiments of the Tughluq dynasty.