Consider the following statements regarding Alauddin Khalji. 1. He set up three distinct markets one for food grains, one for cloth and the third for horses. 2. A Shahna was posted in the market. 3. The Peasants had to pay land revenue in kind. 4. Slaves were transacted in market during his time. Which of the following are correct?

Explanation

After fixing the price of commodities, Alauddin went for division of market. He divided the market broadly into three categories. i) The Central grain market or Mandi with subsidiary control shops in every mohallas of the city. ii) The Ser-i-adl, an exclusive market for clothes and luxury items. iii) Market of slaves, horses and cattle. Alauddin Khilji appointed separate officials known as Sahaan-e-mandi to oversee markets and to punish those who defied his regulations. Land revenue had to be paid in Cash or Kind: 50%.