Which of the following Delhi Sultanate rulers introduced the token currency system made of copper and brass coins, which ultimately caused severe economic disruption?

💡 Solution & Explanation

Muhammad bin Tughluq instituted an experimental token currency system by introducing bronze and copper coins valued equally with silver coins, leading to widespread forgery and economic paralysis. Rulers like Alauddin Khalji implemented strict market control regulations instead of experimental minting reforms. Incorrect choices naming Firoz Shah Tughluq confuse the administrative builder with his erratic predecessor. This monetary experiment ultimately forced the Sultan to redeem all token coins in gold and silver from the royal treasury.