CMAT Concepts of Entrepreneurship Practice Questions With Solutions

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CMAT Innovation and Entrepreneurship Concepts of Entrepreneurship Practice Questions

Question 1.

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Match List I with List II :


Choose the correct answer from the options given below :

Question 2.

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Read the following statements and respond to the question that follows :

Choose the correct answer from the options given below :

Question 3.

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Which term refers to the initial phase of a startup when it starts to develop its product?

Question 4.

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Which one of the following is not a correct statement ?

Question 5.

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Which of the following is/are one of the various 'Forms' of feasibility analysis :
A Industry/Market analysis
B. Corporate leadership analysis
C. Organisational feasibility analysis
D. Financial feasibility analysis
E. Product/Service feasibility analysis
Choose the correct answer from the options given below :

Question 6.

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Given below are two statements : one is labelled as Assertion (A) and the other is labelled as Reason (R) :

Reason(R) :
The venture capital investment is a risk financing generally available in the form of equity or quasi-equity like convertible loan instrument for supporting startups.

Question 7.

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Given below are two statements : one is labelled as Assertion (A) and the other is labelled as Reason (R) :
Assertion (A) :
Other than 'Mind Mapping' , 'Reverse thinking' , 'Brainstorming', and 'Brainwriting' technology has made our work easier to generate quality idea for innovation and entrepreneurship.
Reason(R):
"Ideas are the building blocks for all innovation. They are what we work on , so the first step of starting with anything new is finding that idea. We must make use of the different tools and echniques available to us to come up with quality ideas."

Question 8.

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Given below are two statements:

In the light of the above statements, choose the most appropriate answer from the options given below :

Question 9.

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Given below are two statements:
Statement I: A business incubator typically takes an equity stake in the startups it supports.
Statement II: A business incubator provides early-stage companies with office space, mentorship, and resources in general to support them.
In the light of the above statements, choose the correct answer from the options given below :

Question 10.

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Given below are two statements : one is labelled as Assertion (A) and the other is labelled as Reason (R) :
Assertion (A) :
'Scaling a business' means expanding the business to serve more customers.
Reason(R) :
A small, specialized segment of the market is known as niche market.
In the light of the above statements, choose the correct answer from the options given below :

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Question 1.

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Which of the following is the primary purpose of a 'pitch deck' ?

Question 2.

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Read the following statements carefully and respond the question that follows .

Choose the correct answer from the options given below :

Question 3.

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Given below are two statements
Statement I : "Innovation defined as the creation or the adoption of new ideas, products,services, programs, techno logy, poli cy, structure or new administrative system is acknowledged as a source of sustained competitive advantage of many organisations
Statement II: The innovation adoption process does not depend upon ' In itiation stage' that includes recognition of a need, knowledge acquisition, Initial attitude formation and innovation selection.

Question 4.

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Which four of the following are entrepreneurial strategies?
A. Investing money for safe and secured return
B. "Being fastest with the mostest"
C. Reform, rather than revolutionise
D. Finding and occupying a specialized "ecological niche"
E. Validate and adapt your business model
Choose the correct answer from the options given below :

Question 5.

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Given below are two statements :
Statement I:
Pivoting in a startup context, refers to changing the business model or strategy in response to market feedback.
Statement II :
Pivoting always involves changing the target market essentially.
In the light of the above statements, choose the correct answer from the options given below :

Question 6.

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Match List I with List II :


Choose the correct answer from the options given below :

Question 7.

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Concept of venture capitalist may be simplified as
A Your idea and your money
B. Your idea and my money
C. My idea and my money
D. My idea and your money
E. Your idea and public money
Choose the correct answer from the options given below:

Question 8.

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Given below are two statements : one is labelled as Assertion (A) and the other is labelled as Reason (R) :

In the light of the above statements, choose the most appropriate answer from the options given below :

Question 9.

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Given below are two statements : One is labelled as Assertion (A) and the other is labelled as Reason (R).
Assertion (A) : The management of technological innovation' is usually required under circumstances with increased vagueness, uncertainty and risk and companies are giving importance to it.
Reasons (R) : Given that technological innovation is for many companies a primary way of competition in the twenty-first century, it's management is an activity of vita l importance.
In the light of the above statements, choose the most appropriate answer from the options given below :

Question 10.

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Given below are two statements: One is labelled as Assertion (A) and the other is labelled as Reason (R).

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