To control the prices, which of the following Sultans of Delhi set up three different markets for different commodities in Delhi?
Show answer & explanation
Correct answer: B
Explanation
The Correct Answer is option 2 i.e. Alauddin Khalji.
Alauddin Khalji, the second ruler of the Khalji dynasty, is well-known for his economic reforms, particularly his price control system. To regulate prices and prevent hoarding, he established three distinct markets in Delhi: one for food grains, one for cloth and luxury items, and one for horses, cattle, and slaves. He appointed market controllers (Shahna-i-Mandi) to supervise pricing, quality, and fair trade. These measures helped in maintaining a stable economy and ensured affordable goods for soldiers and citizens. His market reforms were among the most advanced of their time in the medieval world.
Other options :
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Ghiyasuddin Balban: Focused more on military and administrative reforms, not market control.
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Muhammad bin Tughlaq: Known for token currency and failed experiments, not price control.
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Shamsuddin Iltutmish: Consolidated Delhi Sultanate but did not introduce price control mechanisms.