20. State the main objective of co-operative societies.
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Explanation:
A Co-operative Society is an artificial voluntary association of people who work together to promote their economic interest and in order to achieve common goals. These society are incorporated with some social motives and they often have separate legal body and common seal
the main objective of co-operative societies are as follows:
- To develop cooperation, self-respect, and self-reliance amongst the members.
- To buy and produce quality goods, tools, equipments, and raw materials to the end customers.
- To associate with Government and other organizations of similar business.
- To undertake those activities that caters to the welfare and well-being of the members and society.
- To promote unity amidst the members and remove any sort of internal competition.
- To practice transparent and fair busines dealings.
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