Question 23 of 25
Q.Distinguish between the following.
Jobber and Broker.
Maharashtra MsbshseMaharashtra HSC (MSBSHSE) Board 2026Subjective· 4mImportance★★★★★
92% · 23/25 Questions
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Start your 14-day free trial to unlock the full solution →A jobber trades in securities for his own account to earn a margin (jobber's turn), while a broker acts as an agent for investors and earns brokerage/commission.
Both jobbers and brokers are members of a stock exchange, but they perform different functions in the trading of securities.
| Point | Jobber | Broker |
|---|---|---|
| Meaning | An independent dealer who buys and sells securities in his own name. | An agent who buys and sells securities on behalf of clients. |
| Capacity | Acts as a principal (for himself). | Acts as an agent (for others). |
| Dealing with public | Cannot deal directly with the public; deals only with brokers. | Deals directly with the investing public. |
| Income | Earns profit from the difference between buying and selling price, called the jobber's turn. | Earns brokerage or commission on transactions. |
| Risk | Bears the risk of price movement in the securities held. | Bears no such price risk; only executes client orders. |
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