Question

the object of non trading concern is(a) social service (b) profit (c) both of these (d) none of these​

Answer 1

We are asked the question given as to what is the object of a non-trading concern

• The main concern of any organization is to earn profit
• In the case of a non-trading concern, this is not correct
• A non-trading concern mostly works for social service
• Let us take the example of a university
• The main object of the university is to provide good quality education to the students and not to earn profit