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State with Reasons Whether the Following Statements Are True or False. Maximization of Profit is the Main Motto of Co-operative Society. - Organisation of Commerce and Management

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प्रश्न

State with reasons whether the following statements are True or False. 

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

उत्तर

Profit maximization is the motto or object of a Co – operative Organisations.

This Statement is False.

1. A Co-operative society is a voluntary association of people who come together on the basis of unity and equality to protect and promote their common economic interest.

2. The nature of co-operative organization is service oriented. Each for all and all for each is the principles of a co-operative society.


3. Co-operative society is a society which has its objectives for the promotion of economic interests of its members in accordance with co-operative principles.”    (Indian Co-operative Societies Act1912)

4. Thus the motto or object of a Co – operative Organisation is not to earn profit but to render service to its members.

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2014-2015 (October)

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संबंधित प्रश्न

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 (b) ‘e’ Business  (2) President of national commission
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 (7) Father of Scientific Management
 (8)Electronic Business
(9) Right people to right jobs.
 (10) One member one vote.

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