Sher Shah introduced new coins called ‘Asharfi’, ‘Rupiya’ and ‘Dam’. What metals were they made of?
Sher Shah introduced new standardized coinage: the Asharfi was made of Gold, the Rupiya was made of Silver and the Dam was made of Copper. This reform, which standardized the silver rupee to 178 grains, was crucial for the economy and remains one of his most lasting contributions to Indian currency. The correct answer is (C) Gold, Silver, Copper.
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Sher Shah reformed the currency system by introducing three distinct coins, all made of different metals. The Asharfi was the gold coin, the Rupiya was the famous silver coin standardized at 178 grains and the Dam was the copper coin. This tri-metallic system was highly standardized and reliable, stabilizing trade across the empire. Notably, the Rupiya became the precursor to the modern Indian currency unit, establishing a uniform and consistent monetary standard that benefited both trade and revenue administration.