The introduction of the "Rupiya" by Sher Shah Suri had a lasting impact on the Indian economy. How did this currency reform benefit subsequent administrations?
It established a tri-metallic currency ratio that the Mughals adopted.
It unified the fragmented currency markets of North India.
It replaced Pagoda in South India.
Which of the statements given above is/are correct?

Question

Sher Shah Suri's introduction of the silver Rupiya established a stable tri-metallic currency system later adopted by the Mughals, unifying the fragmented currency markets of North India. The silver rupiya introduced by Sher Shah Suri (reigned 1540–1545) did not directly replace the pagoda. The Pagoda was largely in circulation concurrently with, or after, the North Indian silver currency reforms, and was not replaced by the Rupiya until much later, such as when the East India Company abolished Pagoda coinage in 1818 in favor of the rupee.

GKToday Admin · Accepted Answer

1 and 2 only Sher Shah Suri's introduction of the silver Rupiya established a stable tri-metallic currency system later adopted by the Mughals, unifying the fragmented currency markets of North India. The silver rupiya introduced by Sher Shah Suri (reigned 1540–1545) did not directly replace the pagoda. The Pagoda was largely in circulation concurrently with, or after, the North Indian silver currency reforms, and was not replaced by the Rupiya until much later, such as when the East India Company abolished Pagoda coinage in 1818 in favor of the rupee.

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