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  • MU Evolution of Money

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    AaliaK
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    The document provides a timeline showing the history of coins and paper money in the Indian subcontinent. It shows that gold and silver coins were used from 1206-1526 during the Turk Sultanate and Mughal Empire, while the use of paper notes started in 1857 during the British Raj and expanded in 1861. It also outlines the different roles of commercial banks and the state bank, with commercial banks focusing on services like accepting deposits and granting loans, and the state bank focusing on currency issuance, regulation, and monetary policy.

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    The document provides a timeline showing the history of coins and paper money in the Indian subcontinent. It shows that gold and silver coins were used from 1206-1526 during the Turk Sultanate and Mughal Empire, while the use of paper notes started in 1857 during the British Raj and expanded in 1861. It also outlines the different roles of commercial banks and the state bank, with commercial banks focusing on services like accepting deposits and granting loans, and the state bank focusing on currency issuance, regulation, and monetary policy.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    3 views11 pages

    MU Evolution of Money

    Uploaded by

    AaliaK
    The document provides a timeline showing the history of coins and paper money in the Indian subcontinent. It shows that gold and silver coins were used from 1206-1526 during the Turk Sultanate and Mughal Empire, while the use of paper notes started in 1857 during the British Raj and expanded in 1861. It also outlines the different roles of commercial banks and the state bank, with commercial banks focusing on services like accepting deposits and granting loans, and the state bank focusing on currency issuance, regulation, and monetary policy.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 11

    LEARNING OUTCOMES

    • To learn about and understand the history of coins and paper


    notes in the Indian Sub-continent
    • To read a timeline for the history of coins and paper notes in the
    Indian Sub-continent
    WHAT IS A TIMELINE?
    • a line that shows the time and the order in which events have happened.

    Timeline showing History of coins and paper money in the Indian Sub-
    Continent:
    Use of Gold and Use of Gold and
    Use of paper
    Silver Coins Silver Coins
    notes started

    1206 1526 1857 1861 1947

    Turk Sultanate Mughal Empire British Raj


    IDENTIFY THE ROLES OF COMMERCIAL
    BANKS AND STATE BANK:
    • Accepting Deposits --- Comm Bank
    • Regulation and Supervision of Financial System ----- State Bank
    • Granting Loans ---- Comm Bank
    • Issuing Currency ---- State Bank
    • Issuing Debit/ Credit Cards ----- Comm Banks
    • Providing service of Safe Deposit Lockers --- Comm Bank
    • Providing Financial Support to Commerical Banks ---- State Bank
    • Providing E-banking Services - -- Comm Banks
    • Fixing the Rate of Exchange for Different Currencies --- State Bank
    • Monetary Policy Formulation --- State Bank

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