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Cooperative societies are formed mainly to

Cooperative societies are formed mainly to
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Assist producers to maximize their profits
  • B Encourage thrift and credit among members
  • C Promote and maintain the welfare of members
  • D Break the monopolies of private companies
Correct Answer: Option C
Explanation:
Cooperative societies are formed with the aim of helping their members. It is often a voluntary association of individuals who come together with the intention of work together and to promote their economic interest.

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