1 Answers
Option 2 : Muhammad Bin Tuglaq
Muhammad Bin Tuglaq paid his soldiers with 'token currency' made out of cheap metals not gold and silver.
- Muhammad Bin Tuglaq maintained a large standing army.
- The agricultural produce from a particular area where soldiers were stationed was collected as tax to feed the army.
- Muhammad Tughluq also paid his soldiers cash salaries.
- Due to famine, there was increase in the price of commodities.
- Instead of controlling prices, he used a 'token” currency', somewhat like present-day paper currency, but made out of cheap metals, not gold and silver.
- People in the fourteenth century did not trust these coins.
- They were very smart as they saved their gold and silver coins and paid all their taxes to the state with this token currency.
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Due to this, this policy of 'token currency' was a failure.
Hence, we can conclude that the correct answer is - Muhammad Bin Tuglaq.
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