Top 50 CMAT Innovation and Entrepreneurship Questions [Download PDF]
The Innovation and Entrepreneurship section in CMAT evaluates candidates' understanding of innovative business practices, entrepreneurial mindset, and their application in real-world scenarios. It assesses problem-solving abilities, strategic thinking, and decision-making skills essential for managerial roles. 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. Sharpen your understanding of literary achievements and notable literary figures to ace the CMAT 2024 with flying colors. Download the PDF now and embark on your journey to CMAT success!
Question 1
What is the key force in determining the appropriate prices and quantities for the majority of goods and services in a market economy?
correct answer:- 1
Question 2
Who is regarded as the father of modern economics?
correct answer:- 2
Question 3
The book Startup Nation is based on which country?
correct answer:- 1
Question 4
Which of the following is not an advantage of bootstrapping?
correct answer:- 1
Question 5
The innovation which supplants an existing business model?
correct answer:- 3
Question 6
An economy in which the government dictates the permissible levels of production and price range is called?
correct answer:- 2
Question 7
Where is the headquarters of the World Intellectual Property Organization located?
correct answer:- 3
Question 8
Who is a Fabian Entrepreneur?
correct answer:- 3
Question 9
Which of the following is not an active payments bank in India?
correct answer:- 4
Question 10
When is world Innovation Day celebrated every year?
correct answer:- 4
Question 11
Who is the author of the book “COMMODITIES AND CAPABILITIES”?
correct answer:- 3
Question 12
Which of the following is not a primary Fin tech service ?
correct answer:- 2
Question 13
What is central to command economy ?
correct answer:- 2
Question 14
Which country added the highest number of Unicorns in the year 2023 ?
correct answer:- 1
Question 15
The day startup companies which are a part of accelerator programs are provided with an opportunity to display their problem statement and solution to the investors is called?
correct answer:- 2
Question 16
What does T refer to in SWOT analysis ?
correct answer:- 2
Question 17
Which of the following is not a part of PESTEL analysis ?
correct answer:- 3
Question 18
Which of the following is true regarding the primary characteristic of an Entrepreneur?
correct answer:- 1
Question 19
Which of the following is not true regarding limited liability partnership ?
correct answer:- 2
Question 20
What is the total investment range in a medium enterprise as per the norms set up by the government of India ?
correct answer:- 2
Question 21
Which of the following ownership is not eligible for a start-up as per the norms setup by the Indian government?
correct answer:- 4
Question 22
Which of the following does not come under Porters five forces model ?
correct answer:- 4
Question 23
Which of the following does not come under liabilities ?
correct answer:- 4
Question 24
What should be the minimum value of a company in order to be officially recognized as a Decacorn?
correct answer:- 2
Question 25
Which among the following is a characteristic of group creativity technique of “Brain Storming” ?
correct answer:- 3
Question 26
Which of the following Indian startups is yet to receive the Unicorn status for the first time as of 1st Jan 2024?
correct answer:- 4
Question 27
An entrepreneur who does not like to adapt to change and prefers to go by traditional and old school business methods is called ?
correct answer:- 2
Question 28
An entrepreneurship that explores and develops solutions for cultural , social and environmental issues is called ?
correct answer:- 2
Question 29
A start-up that aims to innovate itself and works on developing a repeatable business model and continuously expanding itself is a part of ?
correct answer:- 3
Question 30
A collaborative program setup to help entrepreneurs solve some of the commonly associated problems by providing mentorship, workspace, funding for startups is called?
correct answer:- 2
Question 31
Which of the following is a key prerequisite for capital investment by Venture Capital firms ?
correct answer:- 2
Question 32
The startup India innovation week 2024 is held from?
correct answer:- 3
Question 33
Which state topped the Indian Innovation Index in Major States category in 2023 ?
correct answer:- 3
Question 34
Where does Architectural innovation appropriately fit under ?
correct answer:- 4
Question 35
Where does Incremental innovation appropriately fit under ?
correct answer:- 3
Question 36
Who is the author of the book “The Big Short “.
correct answer:- 3
Question 37
Vijay Shekhar Sharma is the founder of ?
correct answer:- 1
Question 38
The circumstances in which an Innovation results in more damage to the economy over beneficial outcomes is called ?
correct answer:- 2
Question 39
A private individual who provides financial backing for entrepreneurs and start ups in return for ownership equity in the company is called ?
correct answer:- 2
Question 40
Which of the following is not a type of crowdfunding?
correct answer:- 3
Question 41
Which of the following is a scheme launched by the government of India to extend support to startups in the country?
correct answer:- 3
Question 42
Who is India's richest self-made woman in 2023?
correct answer:- 2
Question 43
According to a report by market data and analytics firm Kantar, which of the following is the India's most valuable brand in 2023?
correct answer:- 1
Question 44
According to Forbes World’s Finest Employers rankings 2023, which company is the finest employer in India?
correct answer:- 3
Question 45
Which company hosted ‘UNFOLD 2023′, a mega event for developers and investors?
correct answer:- 3
Question 46
How many Indian companies have been added to the Fortune Global 500 list of 2023?
correct answer:- 2
Question 47
What is the Economic Times Startup of the Year 2023?
correct answer:- 1
Question 48
Which city hosted Digital India Week 2023?
correct answer:- 3
Question 49
Which day is celebrated as the National Startup Day in India?
correct answer:- 2
Question 50
Who is the entrepreneur of the year 2023 in India?
correct answer:- 1
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