Which of the following Delhi Sultanate rulers introduced the system of price control and market regulation to maintain a large standing army on modest salaries?

💡 Solution & Explanation

Alauddin Khalji introduced rigorous price control and market regulation systems, monitored by officials like the Diwan-i-Riyasat, to sustain a large standing army on restricted financial resources. Other Sultans like Firoz Shah Tughlaq or Iltutmish implemented different administrative and revenue reforms without establishing identical price controls.