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.
  • 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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