omtex.co.in : Maximization of profit is the main motto of co-operative society: State with reasons whether the following statements are true or false.

Maximization of profit is the main motto of co-operative society: State with reasons whether the following statements are true or false.

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.