Advertisements
Advertisements
Question
Explain the following term/concept.
Broker
Advertisements
Solution 1
A broker is a member of a stock exchange who is licensed by the stock exchange to buy or sell shares on his client’s behalf. He is an agent between the investors and the jobber. He earns income in the form of commission or broking.
Solution 2
- A broker is a registered member of a stock exchange who is authorised to buy or sell shares on behalf of their clients. Brokers carry out transactions with jobbers on the investor’s behalf.
-
They earn a fee for their service, known as commission or broking, which is determined according to the rules of the stock exchange. While executing the buying or selling of securities for clients, brokers negotiate prices through bargaining.
APPEARS IN
RELATED QUESTIONS
Select the correct answer from the options given below and rewrite the statement.
The practice of buying and selling within the same trading day before the close of the market on that day is called ______.
Write a word or a term or a phrase which can substitute the following statement.
A dealer in stock exchange who carries on trading of securities in his own name.
Complete the sentence.
A person who buys or sells shares on behalf of his clients is called as ______.
Complete the sentence.
A speculator who expects fall in prices of shares ___________.
Answer in one sentence.
Who is Broker?
Answer in one sentence.
Who is Jobber?
Answer in one sentence.
What is Sensex?
Answer in one sentence.
What is Rally?
Correct the underlined word and rewrite the following sentence.
A Broker cannot directly deal with investors.
Correct the underlined word and rewrite the following sentence.
A Bear expects the prices of shares to rise in the future.
Correct the underlined word and rewrite the following sentence.
A Bull buys new issues of securities from primary market.
Explain the following term/concept.
Bull
Distinguish between the following.
Jobber and Broker.
Explain the following term/concept in detail:
Index of Stock Market.
Explain the following term/concept in detail:
Stag
Explain the following term/concept.
Sensex
