Members of Bombay stock exchange are unofficially classified into ___________.

A. brokers and jobbers

B. brokers and tarawaniwalas

C. jobbers and tarawaniwalas

D. there is no such classification of members of stock exchange

Answer: Option B

Solution(By Examveda Team)

Members of Bombay stock exchange are unofficially classified into brokers and tarawaniwalas. In India there are two types of members in the Mumbai stock exchange. They are called Brokers and Tarawaniwalas. All this is done unofficially. The Tarawaniwalas act both as jobbers and brokers. A tarawaniwala makes transactions on his behalf like a jobber but he may also act as a broker on behalf of the public.