CMAT 2024 Slot 2 Question Paper

E.M. Rogers developed the Diffusion of Innovation theory, which identifies five key adopter categories: innovators, early adopters, early majority, late majority, and laggards. The theory also describes factors such as the innovation's relative advantage, compatibility, complexity, trialability, and observability, which influence its diffusion.

The correct answer is A, C, and D, as these align with the objectives of SMILE (SIDBI Make in India Loan for Enterprises) loans.

(A) SMILE loans are aimed at pursuing growth opportunities:
SMILE loans are designed to help businesses, particularly in the MSME sector, seize growth opportunities by providing funding for expansion and modernization.

(C) SMILE loans are available to both manufacturing and services organizations:
The scheme supports enterprises in both manufacturing and service sectors, ensuring broad applicability across industries.

(D) SMILE loans are aimed at setting up state-of-the-art manufacturing infrastructure for MSMEs:
The program focuses on funding projects that involve advanced manufacturing setups to enhance productivity and competitiveness.

(B) SMILE loans are aimed to pay for earlier loans: Incorrect, as SMILE loans are not designed for refinancing or debt repayment but for new investments.

(E) SMILE loans are aimed at meeting the consumption needs of farm-based entrepreneurs: Incorrect, as SMILE loans are not for consumption or farm-based needs but for MSME infrastructure development and growth.

SMILE loans specifically cater to the "Make in India" initiative, supporting MSMEs in manufacturing and services with funding for new investments and infrastructure upgrades (A, C, and D). The other options (B and E) misrepresent the purpose of the program, which is not for refinancing or meeting consumption needs.

Therefore, the correct answer is option B.

The legal term for a brand is Trademark.

A trademark is a legally recognized symbol, design, word, or combination of these that identifies and distinguishes the products or services of one business from others. It provides legal protection to the brand, ensuring that no one else can use a similar mark that could cause confusion in the marketplace.

Plant and Machinery Records is related to Technical feasibility.

Profit Statements is related to Financial feasibility.

Creativity and Innovation is related to Business ideation.

Empathize is related to Design thinking.

An entrepreneur's bottom-line measures of social performance should reflect their impact on society and community well-being, such as employment, poverty reduction, and education.

Of the given options, bottom lines measures of social performance would include:

A: Unemployment rate- Entrepreneurs create jobs and reduce unemployment.
B: Relative Poverty - Entrepreneurship can help reduce poverty by increasing income.
D: Average Commute Time - If an entrepreneur's business improves transportation or work-life balance, it can impact commute times.
E: Illiteracy Rate - Entrepreneurs may contribute to education and skills development, reducing illiteracy.

GDP growth rate is not directly a social measure. It is a broad economic indicator of the country.

Therefore, Option A) A,B,D and E only

Multiple businesses at a time can be risky and divert the attention of the entrepreneur leading to substandard output. 
Similarly, a business and plan and marketing strategy is basic to a company's functioning, and it is mandatory to do it, it does not guarantee all year-round sales. 
The correct option is having more than one customer segment. 

The premise is to present your idea to potential investors; although all of the given options are valid forms of discussion, given the context, the presentation by Shruti would be concise and short, only catering for the necessary information and open to questioning by the investors. 

Such presentations are known as pitch decks, a concise visual presentation, typically created in slides, used to communicate a business idea, product, or investment opportunity to potential investors, partners, or stakeholders.

Therefore, Option B is the correct answer. 

The correct answer is: a) (A)-(II), (B)-(I), (C)-(IV), (D)-(III)

(A) Manage -(II) Gets the work done: Managing involves organizing and ensuring tasks are completed.

(B) Retailer -(I) Value addition: A retailer adds value by providing goods conveniently to customers.

(C) Entrepreneur -(IV) Calculate risk taking: Entrepreneurs are known for taking calculated risks to start or innovate businesses.

(D) Businessman -(III) Works on existing business model: Businessmen typically operate within established business frameworks or models.

Option D is the correct answer.

Entrepreneurship involves much more than financial resources or external factors like support. The mindset is the most crucial factor, as it drives innovation, resilience, and the ability to take calculated risks. While commitment, money, and support can contribute, the entrepreneur's mindset ultimately determines their success.