Which of the following is not a feature of a cooperative society?a) Voluntary membershipb) Service motivec) Limited liabilityd) Individual profit motive

To determine which of the options is not a feature of a cooperative society, let's analyze each one:

a) Voluntary membership: Cooperative societies are characterized by voluntary membership, meaning individuals join and leave the society based on their own will.

b) Service motive: Cooperative societies operate with the primary aim of providing services to their members rather than making profits.

c) Limited liability: Members of a cooperative society typically have limited liability, meaning their personal assets are protected in case the society faces financial difficulties.

d) Individual profit motive: Cooperative societies focus on collective benefit and service to members rather than individual profit. The profits earned are usually distributed among members or reinvested in the society.

Based on the analysis, the feature that is not characteristic of a cooperative society is:

d) Individual profit motive