Maharashtra State BoardHSC Commerce 12th Board Exam
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State Whether the Following Statement Are True Or False (Give Reason) the Main Purpose of a Cooperative Organization is to Earn Profit. - Organisation of Commerce and Management

MCQ

State Whether the Following Statement Are True Or False (Give Reason)

The main purpose of a cooperative organization is to earn profit.

Options

  • True

  • False

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Solution

This statement is False.

  1. The main motive of a cooperative organization is to render service to its members and weaker section of the society.
  2. In cooperative organization people come together on the basis of equality and unity for the purpose of promoting and protecting common interest. Thus we can say that, the main purpose of a cooperative organisation is not to ear profit but to render service. 
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