Question

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

Answer 1

This statement is False.

1. The main motive of a cooperative organization is to render service to its members and weaker section of society.
2. In a cooperative organization, people come together based on equality and unity to promote and protect common interests. Thus we can say that the main purpose of a cooperative organisation is not to earn profit but to render service.