Question

State with reasons whether the following statement true or false.

Maximization of profit is the main motto of co-operative society.

Options

• True 

• False 

Answer 1

Maximization of profit is the main motto of co-operative society : False
Explanation: A co-operative society does not aim at profit maximisation but rather to provide services to its members. Earning profit takes a subsidiary role in a co-operative organisation.