Question

SUBJECT TESTING-I (Direct Questions)
Distinguish Between:
(1) Broker and Jobber

Answer 1

BrokerJobber(i) Meaning:
He is Commission agent.He is a dealer in stock exchange.(ii) Function :
He carries on business on behalf of non-membersHe carries on business in his own name.(iii) Position :
He is a member of the stock exchange.He is a speculator in the stock exchange.(iv) Licence to Trade:
He is licensed to buy or sell on behalf of members.He is not permitted to deal directly with the investors.(v) Dealing with Investors :
He deals directly with the investors.He deals only with the brokers.