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A new coin called the ‘Rupia’ was issued for the first time by
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- Ala-ud-din Khilji
- Mohammed Shah Tughluq
- Sher Shah Suri
- Akbar
- Ala-ud-din Khilji
Correct Option: C
The system of tri-metalism which came to characterize Mughal coinage was introduced by Sher Shah. While the term rupya had previously been used as a generic term for any silver coin, during his rule the term rupiya came to be used as the name for a silver coin of a standard weight of 178 grains, which was the precursor of the modern rupee. Rupee is today used as the national currency in Pakistan, India, Ne-
pal, Sri Lanka, Indonesia, Mauritius, Maldives, Seychelles among other countries. Gold coins called the Mohur weighing 169 grains and copper coins called Dam were also minted by his government.