The correct answer is: A. brokers and jobbers.
Brokers are members of the stock exchange who buy and sell shares on behalf of their clients. Jobbers are members of the stock exchange who buy and sell shares on their own behalf.
Brokers are paid a commission on the value of the shares they buy and sell. Jobbers are paid a spread, which is the difference between the price they buy shares at and the price they sell shares at.
Brokers and jobbers work together to provide liquidity to the stock market. Liquidity is the ability to buy and sell shares quickly and easily. Without liquidity, the stock market would be very difficult to trade in.
Brokers and jobbers are regulated by the Securities and Exchange Board of India (SEBI). SEBI is the government body responsible for regulating the Indian securities market.
Here is a brief explanation of each option:
- Option A: Brokers and jobbers. Brokers are members of the stock exchange who buy and sell shares on behalf of their clients. Jobbers are members of the stock exchange who buy and sell shares on their own behalf.
- Option B: Brokers and tarawaniwalas. Tarawaniwalas are not members of the stock exchange. They are unregistered intermediaries who buy and sell shares on behalf of their clients.
- Option C: Jobbers and tarawaniwalas. Jobbers are members of the stock exchange. Tarawaniwalas are not members of the stock exchange.
- Option D: There is no such classification of members of stock exchange. This option is incorrect. Brokers and jobbers are two distinct categories of members of the stock exchange.