CMAT Overview of Entrepreneurship Practice Questions With Solutions

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CMAT Innovation and Entrepreneurship Overview of Entrepreneurship Practice Questions

General Awareness Language Comprehension Quantitative Techniques and Data Interpretation Logical Reasoning

Question 1.

Match List I with List II :

Choose the correct answer from the options given below :

A-IV, B-II, C-I, D-III

A-IV, B-I, C-II, D-III

A-IV, B-III, C-II, D-I

A-IV, B-I, C-III, D-II

Question 2.

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

Choose the correct answer from the options given below :

A and B are correct statements

C and D are correct statements

A, B, D and E are correct statements

A, B and D are correct statements

Question 3.

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

Ideation

Pivoting

Scaling

Boot strapping

Question 4.

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."

Both (A) and (R) are true and (R) is the correct explanation of (A)

Both (A) and (R) are true but (R) is not the correct explanation of (A)

(A) is true but (R) is false

(A) is false but (R) is true

Question 5.

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 :

Both Statement I and Statement II are true

Both Statement I and Statement II are false

Statement I is true but Statement II is false

Statement I is false but Statement II is true

Question 6.

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

Choose the correct answer from the options given below :

Only A, Band E are true

Only A and C are false

Only A, B and D are true

Only B, D and E are false

Question 7.

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:

B and D only

B only

D only

B, D and E only

Question 8.

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 :

Both (A) and (R) are true and (R) is the correct explanation of (A)

Both (A) and (R) are true but (R) is notthe correct explanation of (A)

(A) is true but (R) is false

(A) is false but (R) is true

Question 9.

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

Both (A) and (R) are correct and (R) is the correct explanation of (A)

Both (A) and (R) are correct but (R) is NOT the correct explanation of (A)

(A) is correct but (R) is not correct

(A) is not correct but (R) is correct

Question 10.

Feasibility analysis may be processed as follows.

Only part (iii) is correct

Only part (i), (ii) and (iv) correct

Only part (i), (ii), (iii) and (iv) correct

Only part (ii) is correct

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Question 1.

Venture Capital financing is ___________
(A) Type of financing by venture capital.
(B) It is private equity capital provided as seed funding to early stage.
(C) Investment in blue chip companies for assured return.
(D) It is a high risk investment made with an intent ion of creat ing high returns.
(E) Done in technology proj ects only.
Choose the correct answer from the options given below :

(A), (B), (D) and (E) only are correct statements.

(A), (B) and (D) only are correct statements.

(A), (B) and (E) only are correct statements.

(C), (D) and (E) only are correct statements.

Question 2.

An ent repreneur is a person who

moderately takes calculated risk.

only follow instru ctions as subordinate.

works as an employee in a Firm/ Company.

manage the given t ask professionally as a Manager of a Firm/Company.

Question 3.

Which of the following funding sources is specifically aimed at helping early -stage startups?

Series funding

Angel investment

Corporate bonds

Initial Public Offering (IPO)

Question 4.

'Feasibility analysis' is described as below :
(A) It is the process of accessing whether the business idea is viable.
(B) It is the preliminary evaluation of a business idea done for the purpose of determining whether the idea is worth persuing.
(C) It is to guess time span in which investment made in the project be recovered.
(D) It is to find whether technology adopted will work correct.
(E) It is to estimate demand and to plan supply accordingly.
Choose the correct answer from the options given below :

Only (A) is correct statement

Only (B) is correct statement

Only (A) and (B) are correct statements

Only (C), (D) and (A) are correct statements

Question 5.

Critical evaluation points of Entrepreneurship Development Programmes (EDPs) are:
(A) Organisational Policies
(B) Suitable selection procedure of trainees and Faculty
(C) Quality of Technical and Vocational Education and Training
(D) Organisation associated in the EDP
Choose the correct answer from the options given below :

C, D only

A, B, C, D only

A, B, C only

B, D only

Question 6.

Following are the reasons of the success of entrepreneurial ventures
(A) Effective Market Research
(B) Good Financial Control
(C) Good Management
(D) Caste of Entrepreneur
(E) Good Idea
Choose the correct answer from the options given below :

B, C, D only

A, C, D only

A, B, C, E only

B, D, E only

Question 7.

Match List I with List II :

Choose the correct answer from the options given below:

(A)-(I), (B)-(II), (C)-(III), (D)-(IV)

(A)-(II), (B)-(III), (C)-(IV), (D)-(I)

(A)-(IV), (B)-(I), (C)-(II), (D)-(III)

(A)-(II), (B)-(IV), (C)-(III), (D)-(I)

Question 8.

'Entrepreneur' means

to struggle

to undertake

to invent

to motivate

Question 9.

Shruti wants to launch a small flora l shop in Nagarbhavi, Bengaluru. As part of business plan, she prepared an engaging. MS Powerpoint presentation to garner interest among potential investors and trigger discussion. This format of business plan is known as

Business plan

Pitch deck

Presentation

Business talk

Question 10.

Becoming an entrepreneur is more about

money

commitment

support available

mindset

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CMAT Overview of Entrepreneurship Practice Questions With Solutions

CMAT Innovation and Entrepreneurship Overview of Entrepreneurship Practice Questions

Question 1.

Question 2.

Question 3.

Question 4.

Question 5.

Question 6.

Question 7.

Question 8.

Question 9.

Question 10.

Question 1.

Question 2.

Question 3.

Question 4.

Question 5.

Question 6.

Question 7.

Question 8.

Question 9.

Question 10.

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