Advertisements
Advertisements
प्रश्न
Jobber and stockbroker
Advertisements
उत्तर
| Points | Jobber | Broker |
| 1. Meaning | A dealer who deals in buying and selling of securities is called a jobber. |
An agent who buys or sells the securities on behalf of his principal or client is called a broker. |
| 2. Dealings | A jobber carries on trading (dealings) only with the broker. | A broker carries on trading (dealings) with the jobber on behalf of his investors. |
| 3. Restrictions | A jobber cannot directly buy or sell securities in the stock exchange. He cannot deal directly with the investors | A broker acts as a link (middleman) between the jobber and the investors. He purchases and sells securities on behalf of his investors. |
| 4. Types of agent | A jobber is a special mercantile agent. |
A broker is a general mercantile agent. |
| 5. Consideration | A jobber gets consideration for his efforts in the form of profit. The positive difference between sale and purchase of securities constitutes his profit. | A broker gets consideration for his efforts in the form of commission or brokerage. The rate or amount of brokerage is fixed by stock exchange rules. |
| 6. Proportion of consideration |
The proportion of consideration (profit) payable to a jobber is determined by the completion of jobbers. | The rate or amount of brokerage payable to a broker is fixed by the stock exchange rules and regulations. |
APPEARS IN
संबंधित प्रश्न
The place where buying and selling of securities takes place
Write notes on Bombay Stock Exchange.
An institution which regulates and controls the activities of the Stock Exchange is called _______.
Write notes on.Functions of stock exchange.
The institution which regulates business in stock exchange.
Name any two details that need to be provided by the investor to the broker while filling a client registration form.
What are the functions of the Stock Exchange?
Write Short Notes on Role of Stock Exchange (March 2009)
Answer the following question.
Stock exchange acts as a regulator of the securities market. It creates a continuous market where the securities are bought and sold. It gives investors the chance to disinvest and reinvest. Through this process of disinvestment and reinvestment, savings get channelized into their most productive investment avenues. To ensure that the investing public gets a safe and fair deal in the market, the membership of the stock exchange is well regulated and its dealings are well defined according to the existing legal framework. It also ensures a wider share of ownership by regulating new issues, better trading practices, and taking effective steps in educating the public about investments.
Various functions performed by the Stock Exchange are discussed in the above para. By quoting lines from above para, state any four functions of the stock exchange.
_____ is the oldest stock exchange in the world.
Stock exchanges deal in _________.
Stock exchange allow trading in _______.
The total number of Stock Exchange in India is
______ is the latest technology driven stock exchange which was recognised in 1993.
Which of the following is a function of the stock exchange?
NSE and BSE are types of ______.
When the stock market is bearish, a company must go for which of the following?
The organisation/institution which provides scope for speculation is:
Read the following text and answer the following questions on the basis of the same:
Mr. A. Bose is running a successful business. Mr. Bose is the owner of R. K. Cement Ltd. Mr. Bose decided to expand his business by acquiring a Steel Factory. This required an investment of Rs. 60 crores. To seek advice in this matter, he called his financial advisor Mr. T. Ghosh who advised him about the judicious mix of equity (40%) and Debt (60%). Employ more of cheaper debt may enhance the EPS. Mr. Ghosh also suggested him to take loan from a financial institution as the cost of raising funds from financial institutions is low. Though this will increase the financial risk but will also raise the return to equity shareholders. He also apprised him that issue of debt will not dilute the control of equity shareholders. At the same time, the interest on loan is a tax-deductible expense for computation of tax liability. After due deliberations with Mr. Ghosh, Mr. Bose decided to raise funds from a financial institution.
Employ more of cheaper debt may enhance the EPS. Such practice is called :
Arrange the steps involved in trading procedure at the stock exchange in correct sequence:
- Settlement of order
- Opening of Demat Account
- Placing of order
- Execution of order
