Q. The Market Regulation system was introduced by _____:
Answer: Alauddin Khilji
Notes: Alauddin Khilji's market control policy in Medieval India established three regulated markets in Delhi for food grains, cloth, and livestock. Prices were fixed, hoarding was banned, and violators faced severe punishment. The policy aimed to support soldiers on low salaries and included rationing and granaries to stabilize food supply during famines.