In Delhi Sultanate the Market Control Policy was introduced by

Concept

A market-control policy is a coordinated administrative system for regulating prices, supplies, merchants, and market supervision. In the Delhi Sultanate, such a policy is identified by the ruler who created a systematic network of fixed prices and enforcement officials.

The key historical test is to distinguish a comprehensive market-regulation programme from other rulers reforms in currency, political consolidation, or dynastic foundation.

Application

Alauddin Khalji established an extensive market-control system in Delhi. Prices of grain, cloth, horses, cattle, and other commodities were fixed; supplies and merchants were registered and supervised through officials such as the Diwan-i-Riyasat and the shahna-i-mandi.

These measures supported a large standing army by keeping essential prices low and stable. Therefore the policy described in the question belongs to Alauddin Khalji.

Contrast

• Alauddin Khalji: associated with systematic price regulation and market supervision.

• Muhammad bin Tughlaq: associated especially with token currency and the transfer of the capital.

• Qutub-ud-Din Aibak: founded the Mamluk rule at Delhi after 1206.

• Iltutmish: consolidated the early Sultanate and standardized the silver tanka.

Result

Hence, the market-control policy under the Delhi Sultanate was introduced by Alauddin Khalji.