Which Delhi Sultan introduced the innovative market control regulations, fixing the prices of essential commodities and grain?

💡 Solution & Explanation

Alauddin Khalji instituted comprehensive market control regulations, fixing strict prices for essential commodities, grains, and cloth to maintain a large standing army on limited state revenues. Later rulers like Muhammad bin Tughluq experimented with token currency and agricultural reforms rather than price fixing, while Firoz Shah Tughluq focused on public works and taxation adjustments. Specialized administrative offices like Shahna-i-Mandi were established to enforce these economic edicts rigidly. A related historical consequence of these reforms was the unprecedented economic stability of the Delhi Sultanate during his military campaigns.