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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
Solution
This statement is False.
- The main motive of a cooperative organization is to render service to its members and weaker section of society.
- 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.
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RELATED QUESTIONS
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