Mohammad bin Tughlaq's experiment with token coins failed mainly because of ______.
A
Minting of coins was not regulated
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B
Too many coins were minted
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C
There was a difference in the face value and intrinsic value of coins
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D
People did not use these coins
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Solution
The correct option is A Minting of coins was not regulated
Mohammad bin Tughlaq issued token currency - the coins of brass and copper were minted whose value were equal to gold and silver coins. This experiment failed because during his time, most of the citizens were gold-smiths and hence they knew how to make fake coins. Minting was not regulated, as a result, the value of coins decreased.