Top CMAT Questions on Innovation and Entrepreneurship PDF

by Naveen Neredimalli Tue 23 Apr 2024 05:54 PM 1728
Top_Innovation_and_Entrepreneurship_Questions_For_CMAT_2024_S2qi8bO

The Innovation and Entrepreneurship section in CMAT evaluates candidates' understanding of innovative business practices, entrepreneurial mindset, and their application in real-world scenarios. It evaluates problem-solving ability, strategic thinking, and decision-making capabilities required for managerial positions. Innovation and Entrepreneurship are integral to the success of businesses in today's competitive landscape. CMAT recognizes the significance of these aspects and includes them to gauge candidates' readiness for management roles where innovation-driven strategies and entrepreneurial initiatives play a pivotal role. These questions, presented in a convenient PDF format, are designed to enrich your knowledge and boost your confidence for the upcoming examination.

Question 1

High net-worth individuals who fund startups at the early stages with their own money in return for equity are called _____.

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Question 2

Which of the following helps companies increase market share?

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Question 3

What is the full form of EGR launched by Bombay Stock Exchange?

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Question 4

An innovative entrepreneur is the one who introduces new product, new service or new market. Entrepreneurs who imitate the techniques and technologies innovated by innovative entrepreneurs are called _____.

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Question 5

Which of the following statement is incorrect?

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Question 6

Discovering what people need or want and then creating it is the process of:

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Question 7

ASPIRE scheme aims to create and promote the culture of:

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Question 8

A sales structure where members of a company are encouraged to recruit new members and once recruited, the salesperson receives a cut of their recruiter's sales. This process is known as _____.

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Question 9

Which state topped the Indian Innovation Index in Major states category in 2023?

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Question 10

What is a superunicorn?

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Question 11

The first edition of Indian Innovation Index is launched in which year?

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Question 12

What is a Xenocurrency?

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Question 13

Which organization won the 2023 cycle of the flagship initiative by the Swiss Re Foundation?

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Question 14

What is the fullform of SISFS, a scheme meant to provide financial assistance for startups

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Question 15

Which of the following is not a consequence faced by service based startups during inflation?

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Question 16

Tiger Global Management is a/an

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Question 17

An economic system in which a central government dictates permissible levels of production and the price that are charged for goods and services is called _____.

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Question 18

An investment that has already been spent and cannot be recovered is known as

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Question 19

The _____ refers to investments made for product development, marketing, and market research.

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Question 20

What is the full form of PMMY, which is a scheme set up by the Government of India (GoI) to promote entrepreneurship which helps in facilitating micro credit upto Rs. 10 lakh to small business owners.

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Question 21

Which bank launched the campaign called “Vigil Aunty" to motivate citizens all around the nation to adopt secure banking practices?

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Question 22

Razorpay is a/an

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Question 23

Which of the following is a characteristic of a purely competitive market?

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Question 24

Which of the following is a characteristic of a monopoly?

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Question 25

Who is the CEO of the digital mapping startup, MapmyIndia, that offers geospatial data services to other companies?

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Question 26

A money manager who is involved in making risky investments from equity capital with the objective of gaining better returns is

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Question 27

Who is the CEO of Barclays?

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Question 28

Which of the following is a fintech startup founded by Rajan Bajaj, that offers payment cards and credit cards to millennial and Generation Z customers?

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Question 29

Match books with their authors

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Choose the correct answer from the options below.

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Question 30

An entrepreneur whose entrepreneurial activity is restricted to just one or two innovations and refuses to adopt changes in production even at the risk of reduced returns is a/an

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Question 31

A decacorn is 

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Question 32

What is an Eurocurrency?

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Question 33

_________ is the minority shareholders’ pro-rata share of the net assets (equity) of a subsidiary that is not wholly owned by the parent.

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Question 34

________ is when a company makes a constant improvement to the products, services, or technologies that they are responsible for.

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Question 35

________ is referred to as the economic system where the factors of production such as capital goods, labour, natural resources, and entrepreneurship are controlled and regulated by private businesses.

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Question 36

A _______ economy is an economic system in which customs, history and beliefs help shape the goods and services the economy produces, as well as the rule and manner of their distribution.

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Question 37

A corporate manager who starts a new initiative for their company which entails setting up a new distinct business unit and board of directors can be regarded as:

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Question 38

____ is the share of a bank’s deposits kept with RBI in the form of Liquid assets to ensure bank’s solvency and money flow in the economy.

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Question 39

The next stage to the Concept Stage of Product Planning and Development Process is

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Question 40

Why are small businesses important to a country’s economy?

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Question 41

Large investment is made in fixed assets, the project will be termed as

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Question 42

The ______ is the target market that an entrepreneur puts all of his energy into serving, they are the ones who determine if a particular company will succeed or fail in the market.

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Question 43

_________ is the process of formally determining whether it is technologically viable to produce a good or service.

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Question 44

Promoter is a person who ______

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Question 45

A decision for which a certain criteria is not well defined and does not follow a set procedure is 

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Question 46

It is an experimental process where design teams implement ideas into tangible forms from paper to digital

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Question 47

Dogecoin is an example of:

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Question 48

The application for registration of a small scale unit should be submitted to the General Manager, DIC. What is the full form of DIC?

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Question 49

Pine labs is a/an

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Question 50

Who wrote the book 'Who moved my cheese'?

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