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History Optional PYQ Master Pack · Model answer

Write brief essay: The Token Currency System introduced by Muhammad Tughlaq

  • UPSC 2004
  • The Fourteenth Century

Among Muhammad bin Tughluq's several administrative innovations, the introduction of token currency around 1329-30 stands out as the clearest instance of a genuinely sound monetary idea undone almost entirely by defective implementation. Unlike the Daulatabad transfer or the Khurasan expedition, which were flawed partly in conception, the token currency addressed a real and internationally recognised…

You are reading the opening of the model answer. The full answer is part of the History Optional PYQ Master Pack.

What the full answer covers

  • The Monetary-Theoretic Rationale
  • Mechanics of the Scheme
  • The Execution Failure
  • The Climb-Down and Its Consequences
  • Legacy for Historical Assessment

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