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प्रश्न
Jobber and stockbroker
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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
Explain any three functions of stock exchange.
An institution which regulates and controls the activities of the Stock Exchange is called _______.
Write notes on Functions of S.E.B.I.
Write notes on.Functions of stock exchange.
Select the proper option from the option given below and rewrite the sentences:
A market where existing securities are resold or traded is called __________ market.
State, with reason, whether the following statement is True or False.
Stock exchanges reflect financial progress of the company.
What is the common name for Beneficiary Owner Account, which is to be opened by the investors for trading in securities?
Name any two details that need to be provided by the investor to the broker while filling a client registration form.
Name the document prepared in the process of online trading of securities that is legally enforceable and helps to settle disputes/claims between the investor and the broker.
Write a word or a term or a phrase which can substitute the following statement :
The place where buying and selling of securities takes place.
There are _____ stock exchange in the country.
Stock exchanges deal in _________.
Stock exchange allow trading in _______.
What is meant by Stock Exchange?
______ is the latest technology driven stock exchange which was recognised in 1993.
When the stock market is bullish, a company must go for which of the following?
The organisation/institution which provides scope for speculation is:
______ is a number assigned to each transaction by the stock exchange and is printed on the contract note.
