History · Administration and Economy
UGC NET June 2024 History (Re-Exam Shift-II)
According to the book Mirat-i-Ahmadi, what was the Persian word for Hundi?
ASufta ✓ Correct
BChalani
CMahmud
DSarafi
Correct answer: (A) Sufta — The answer is Sufta.
Explanation
★The answer is Sufta.
★During the Mughal period the hundi was a major medium of exchange.
★It was a bill of exchange paid after a period with a deduction.
★The Mirat-i-Ahmadi uses the Persian word Sufta for the hundi.
★A sarraf was an expert in monetary transactions who also dealt with hundis.
★So the Persian term for hundi in this text is Sufta.
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