A History of Money in India: Checkpoint 1

Quick checkpoint - five questions on punch-marked coins, Gupta gold, Sher Shah Suri, cowries and hundis.

Question 1 of 5 What made punch-marked coins distinctive?

They showed kings' portraits They were stamped with symbols using separate punches They were made of paper They were issued by the RBI

Early Indian coins used symbols rather than rulers' faces.

Question 2 of 5 What were Gupta gold coins called?

Rupiya Dinara Anna Pice

The name came from the Roman denarius.

Question 3 of 5 Who introduced the silver rupiya, ancestor of the rupee?

Ashoka Sher Shah Suri Akbar The British

Sher Shah introduced it during his rule from 1540 to 1545.

Question 4 of 5 Why did cowrie shells work as money?

They were very valuable They were durable, countable and hard to counterfeit They were printed by governments They grew on trees

Cowries served as small change across Asia and Africa.

Question 5 of 5 What was a hundi?

A type of coin A written bill of exchange used for transfers and credit A tax A bank building

Indigenous bankers used hundis long before modern banks.

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