List of top Innovation & Entrepreneurship Questions asked in CMAT

Which of the following terms appropriately refers to the attractive idea that an entrepreneur invests in?
Match List I with List II
List IList II
(A) OYO Rooms(i) Vineeta Singh
(B) Sugar Cosmetics(ii) Warren Buffet
(C) Berkshire Hathaway(iii) Peeyush Bansal
(D) Lenskart(iv) Ritesh Agarwal
Choose the correct answer from the options given below:
The five phases of the entrepreneurial process are:
Match List I with List II
List IList II
(A) Raymond(i) A gift for someone you love
(B) Weekender(ii) The complete man
(C) Amul(iii) I‘m loving it
(D) McDonald(iv) Wear your attitude
Choose the correct answer from the options given below:
Given below are two statements:
Statement I : ‘Diversification’ means adding new lines of business.
Statement II : Differentiation means creating specialized products that gain competitive advantage with a particular segment of the market. In light of the above statements, choose the correct answer from the options given below
ATAL Innovation Mission aims to create and promote culture of
'Shishu', 'Kishore' and 'Tarun' are the three products created by __________ to signify the stage of growth/development and funding needs of the beneficiary micro unit/entrepreneur and also provide a reference point for the next phase of graduation/growth
Sequoia capital is a/an:
Founders translate company ideas into business model hypotheses, test assumptions about customers’ needs, and then create a ______________to try out their proposed solution on customers.
Given below are two statements:
Statement I : Ideas should not be examined for their real‐life use and application.
Statement II : Business opportunity can be described as an economic idea that can be implemented to create business enterprises and earn profits. In light of the above statements, choose the correct answer from the options given below
According to Schumpeter, which of the following is the primary function of a new age entrepreneur
Shruti wants to start a small floral shop. As a part of her business plan, he prepared an "entertaining MS PowerPoint Presentation" to garner interest among potential investors and trigger discussion. This format of business plan is known as
Having more than one customer segment:
An entrepreneur can get a lot of quality information about competitors from_________.
Please provide the full form for CGTMSE, a scheme meant for Micro and Small Enterprises
Please select the most appropriate reason for the government’s increasing role in business globally
Match List I with List II
List I (Profession)List II (Task‐ Outcome)
(A) Entrepreneur(i) Utility Maximization
(B) Manager(ii) Get the work done
(C) Retailer(iii) Calculated Risk taking
(D) Customer(iv) Value Addition
Choose the correct answer from the options given below:
A professional or manager who takes a new initiative for his/her organisation and establish a new distinct business unit for the same organisation can appropriately be referred as:
Which one of the following factors is not relevant for judging the adequacy of market?
Document that projects the income, expenses, and profits of a business over a multi‐year period
A word, symbol, name, or device that a business uses to identify its goods and distinguish itself from others is called a
Among the barriers to entering an industry are:
The term bootstrapping is often associated with
A startup defined as an entity that is headquartered in India, which was opened less than 10 years ago, and has an annual turnover less than
Entrepreneurs are risk