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Distinguish between the following. Jobber and Broker. - Secretarial Practice

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प्रश्न

Distinguish between the following.

Jobber and Broker.

अंतर स्पष्ट करें
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उत्तर

Points Jobber Broker
Meaning A jobber is one who buys and sells securities in his own name. A broker is an agent who buys and sells securities on behalf of clients.
Nature of Trading A jobber carries out trading activities only with the broker. A broker carries out trading activities with the jobber on behalf of his investors.
Restrictions on Dealings A jobber is prohibited to directly buy or sell securities in the stock exchange. Also, he cannot directly deal with the investors. A broker acts as a link between the jobber and the investors. He trades i.e. buys and sells securities on behalf of its investors.
Agent A jobber is a special mercantile agent. A broker is a general mercantile agent.
Form of Consideration A jobber gets consideration in the form of profit. A broker gets consideration in the form of commission or brokerage.
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Important Terms Related to Stock Exchange
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अध्याय 12: Stock Exchange - Exercises [पृष्ठ १७८]
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