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UPSC Prelims 2022 Paper-1 📅 05 Jun, 2022

In medieval India, the term "Fanam" referred to:

A
(a) Clothing
B
(b) Coins
C
(c) Ornaments
D
(d) Weapons
Result Summary
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APEDIA

UPSC Prelims
2022 • 05 Jun, 2022 • Paper-1
In medieval India, the term "Fanam" referred to:
Correct Answer
(b) Coins
Historical Lexicon: The term "Fanam" (derived linguistically from the Sanskrit word 'Panam', meaning wealth or trade) was historically used as official nomencla......
💡 Analysis & Explanation
Historical Lexicon
The term "Fanam" (derived linguistically from the Sanskrit word 'Panam', meaning wealth or trade) was historically used as official nomenclature for a specific category of currency.
Regional Usage
It was a very small, widely circulated gold or silver coin that formed the commercial backbone of the monetary system in southern India, notably utilized heavily by the Vijayanagara Empire and subsequently by the princely states of Travancore and Cochin.
Conclusion
Consequently, the term strictly refers to a unit of numismatics or coins.