The first regulated market in India was established on

✅Explanation:
The first regulated market in India, established under the Hyderabad Residency Order, was the Karanjea cotton market. This dates back to 1886, with the aim of ensuring fair trade practices and quality control for cotton, a crucial cash crop at that time.

🛑 Related Terminology:
-Regulated Market: A market with established rules and regulations governing trade practices, often overseen by a market committee. This ensures fair pricing, quality control, and orderly transactions.
-Agricultural Produce Market Committee (APMC): In India, these committees are responsible for regulating trade in agricultural products at the state level. The concept of APMCs emerged later, building upon the foundation laid by early regulated markets like Karanjea.