History · Medieval Indian History - Market Reforms
With reference to the market regulations introduced by Alauddin Khalji, consider the following statements: I. One important objective of the policy was to sustain a large standing army without a proportionate rise in military salaries. II. The Diwan-i-Riyasat was associated with overall market regulation, while the Shahna-i-Mandi supervised the grain market. III. Prices in the regulated markets were intended to adjust freely according to demand and supply after the initial fixing of rates. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I and III only
- 2I and II only✓
- 3II only
- 4I only
Correct answer
I and II only
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