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प्रश्न
Jobber and stockbroker
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. |
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संबंधित प्रश्न
The place where buying and selling of securities takes place
Explain any three functions of stock exchange.
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Write notes on.Functions of stock exchange.
A market place where existing securities are bought and sold.
Name any two details that need to be provided by the investor to the broker while filling a client registration form.
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The place where buying and selling of securities takes place.
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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.
Define Stock Exchange.
______ 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 ______.
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The organisation/institution which provides scope for speculation is:
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
