List of top Innovation & Entrepreneurship Questions asked in CMAT

Which of the following is NOT part of Entrepreneurship Development Programme ?

Given below are two statements:
Statement I: Yoga and focus on hobbies are good ways to deal with stress for an entrepreneur.
Statement II: Having stress for an entrepreneur is welcoming as it helps in better performance and helps him/her lead a balanced life.
In the light of the above statements, choose the most appropriate answer from the options given below:

Given below are two statements, one is labelled as Assertion (A) and the other is labelled as Reason (R).
Assertion (A):Small businesses are considered important to economic development.
Reason (R): Small businesses can be innovators of new products and provide speacialist support to larger companies.
In the light of the above statements, choose the most appropriate answer from the options given below:

Match List I with List II
Choose the correct answer from the options given below:

List I	List II
(A) Availability of Raw Material, Plant, Machinery, etc.	I- Business Plan
(B) Demand Preferences and Customer	II- Financial Feasibility
(C) Profit Projections	III- Technical Feasibility
(D) Market, Technical, Financial	IV- Market Feasibility

Which of the following can give an enterprise dealing in instant coffee a competitive edge ?

Arrange the following stages of Entrepreneurship Creativity in sequence.
(A) Knowledge accumulation
(B) Incubation
(C) Implementation
(D) Idea experience
(E) Evaluation
Choose the correct answer from the options given below:

Which of the following factors must you judge to estimate the market potential?
(A) Present Market Demand
(B) Export Market Demand
(C) Future Market Demand
(D) Labour Demand
(E) Retailer's Consumption Preferences
Choose the correct answer from the options given below:

Social Enterprise Obligation includes:
(A) Environment
(B) Fair Business Practices
(C) Community Involvement
(D) Energy
(E) Shareholder's Profit
Choose the correct answer from the options given below:

Match List-l with List-II
Choose the correct answer from the options given below:

List-I	List-II
(A) Intrapreneur	1- Value Addition
(B) Entrepreneur	2- Risk-taking in an organisational role
(C) Distributor	3- Calculated Risk- taking
(D) Customer	4- Utility Maximisation

The Government of India has launched the following initiative a few years ago to drive the new age ideas and enterprises:

Scaling up of a business requires a firm to take care of following things:
(A) Hiring, retaining and motivating qualified employees
(B) Finding investors who share same goals
(C) Time management and work assignment ability
(D) Adequate market potential and opportune time
(E) Business idea experiencing
Choose the correct answer from the options given below:

Which of the following is NOT a form of organisation to initiate a business/enterprise?

Which of the following is an example of speculative business risk?

Design thinking involves which of the following stages?
(A) Prototyping
(B) Define
(C) Empathise
(D) Modelling
(E) Test
Choose the correct answer from the options given below:

Given below are two statements:
Statement I: People's attitudes have changed over the years leading to involvement of State (Government) in businesses globally.
Statement II: Increasing technicality is leading to State (Government) to make interventions in businesses globally.
In the light of the above statements, choose the most appropriate answer from the options given below:

Which of the following statements are correct?
(A) MUDRA loans under PMMY include Shishu Category
(B) MUDRA loans under PMMY include Kishore Category
(C) MUDRA loans under PMMY include Shaishav Category
(D) MUDRA loans under PMMY include Tarun Category
(E) MUDRA loans under PMMY include Vyask Category
Choose the correct answer from the options given below:

Given below are two statements:
Statement: An entrepreneur can get a lot of quality information about competitors from company reports and its website.
Statement II: First step to avail finance for a new project is Promoter's Biodata.
In the light of the above statement, choose the correct answer from the options given below:

A corporate manager who starts a new initiative for their company/organisation which entails setting up a new distinct business unit can be regarded as:

The primary function of a new age entrepreneur is innovation. This statement was/is proposed and propagated by:

The entrepreneur:

Design thinking has following important stages.Arrange in a sequence.
(A) Define
(B) Empathize
(C) Prototype
(D) Test
(E) Ideate
Choose the correct answer from the options given below:

Bottom line measures of social performance for an entrepreneur include the following
(A) Unemployment rate(B) Relative Poverty
(C) GDP Growth
(D) Average Commute Time
(E) Illiteracy Rate
Choose the correct answer from the options given below:

Given below are two statements:
Statement I :Changing competition in market place is the primary reason for govt involvement in business globally.
Statement II:Increase in cost of production is the primary reason for govt in business globally.
In the light of the above statements,choose the most appropriate answer from the options given below:

Match List I with List II;

List I	List II
(A) Manager	(1) Value addition
(B) Retailer	(II) Gets the work done
(C) Entrepreneur	(III) Works on existing business model
(D) Business Man	(IV) Calculate risk taking

Choose the correct answer from the options given below:

To maintain consistent business through out the year, an entrepreneur may