CMAT PYQs for Entrepreneurship: Concept, Functions and Need with Solutions: Practice CMAT Previous Year Questions

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Entrepreneurship: Concept, Functions and Need is an important topic in the Innovation & Entrepreneurship section in CMAT exam. Practising this topic will increase your score overall and make your conceptual grip on CMAT exam stronger.

This article gives you a full set of CMAT PYQs for Entrepreneurship: Concept, Functions and Need with explanations for effective preparation. Practice of CMAT Innovation & Entrepreneurship PYQs including Entrepreneurship: Concept, Functions and Need questions regularly will improve accuracy, speed, and confidence in the CMAT 2026 exam.

CMAT PYQs for Entrepreneurship: Concept, Functions and Need with Solutions

1.
An entrepreneur is a person who
- moderately takes calculated risk.
- only follow instructions as subordinate.
- works as an employee in a Firm/Company.
- manage the given task professionally as a Manager of a Firm/Company.
View Solution
2.
To maintain consistent business through out the year, an entrepreneur may
- do multiple businesses at a time
- have more than one customer segment
- do gurilla marketing and sales promotion
- do business plan
View Solution
3.
Who is a Fabian Entrepreneur?
- Innovators who rapidly adopt changes.
- Entrepreneurs who cannot adopt to changes and prefer old fashioned business practices.
- Entrepreneurs who copy ideas from others.
- Entrepreneurs who take significant risk.
View Solution
4.
Given below are two statements :
Statement I : An Intrapreneur operates within a large organisation to drive innovation.
Statement II : An Intrapreneur is the same as an entrepreneur, working independently to start a new business.
In the light of the above statements, choose the most appropriate answer from the options given below :
- Both Statement I and Statement II are correct
- Both Statement I and Statement II are incorrect
- Statement I is correct but Statement II is incorrect
- Statement I is incorrect but Statement II is correct
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5.
Which of the following funding sources is specifically aimed at helping early-stage startups?
- Series funding
- Angel investment
- Corporate bonds
- Initial Public Offering (IPO)
View Solution
6.
The ‘Stand up India Scheme’ focuses on providing financial support for -
(A) Innovators for rural and semi-urban area.
(B) Woman entrepreneurs.
(C) Scheduled Caste (SC) entrepreneurs
(D) Scheduled Tribes (ST) entrepreneurs
Choose the most appropriate answer from the options given below :
- (A) and (D) only
- (B) and (C) only
- (B), (C) and (D) only
- (B) and (D) only
View Solution
7.
Given below are two statements:
Statement I: Yoga and focus on hobbies are good ways to deal with stress for an entrepreneur.
Statement II: Having stress for an entrepreneur is welcoming as it helps in better performance and helps him/her lead a balanced life.
In the light of the above statements, choose the most appropriate answer from the options given below:
- Both Statement I and Statement il are correct
- Both Statement I and Statement II are incorrect
- Statement I is correct but Statement II is incorrect
- Statement I is incorrect but Statement II is correct
View Solution
8.
Feasibility analysis may be processed as follows.
Choose the correct answer from the options given below :
- 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
View Solution
9.
Given below are two statements :
Statement I : A startup's valuation is usually lower during the seed funding stage compared to later stages.
Statement II : Venture capital is typically the first source of funding for most start ups.
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
View Solution
10.
'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 pursuing.
(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
View Solution
11.
The Government of India has launched the following initiative a few years ago to drive the new age ideas and enterprises:
- Production Linked Incentive (PLI)
- Special Economic Zone (SEZ)
- Technology Development Board
- Start-Up India
View Solution
12.
Given below are two statements : One is labelled as Assertion (A) and the other is labelled as Reason (R).
Assertion (A) : Bootstrapping entrepreneurship is one of the most adapted entrepreneurship in India.
Reasons (R) : Managing a business through one's own financial resources are the first and easy option available for the entrepreneur to start a business.
In the light of the above statements, choose the most appropriate answer from the options given below :
- 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
View Solution

13.
Match List I with List II :
List I List II
(A) Intrapreneur (III) Risk taking in an organisational role as an employee
(B) Entrepreneur (II) Funding start up
(C) Venture capitalist (IV) Calculated risk taking
(D) Distributor (I) Value addition in supply chain
Choose the correct answer from the options given below :

List I	List II
(A) Intrapreneur	(III) Risk taking in an organisational role as an employee
(B) Entrepreneur	(II) Funding start up
(C) Venture capitalist	(IV) Calculated risk taking
(D) Distributor	(I) Value addition in supply chain

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

View Solution

14.
Which of the following is NOT part of Entrepreneurship Development Programme ?
- Identification of entrepreneurs for training
- Selection of entrepreneurs for training
- Developing entrepreneurial capabilities
- Arranging infrastructural capabilities
View Solution
15.
Given below are two statements :
Statement I : Lean start up methodology prioritizes extensive market research before any product.
Statement II : Lean start up methodology focuses on creating a Minimal Viable Product (MVP) to test hypotheses.
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
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CMAT PYQs for Entrepreneurship: Concept, Functions and Need with Solutions: Practice CMAT Previous Year Questions

CMAT PYQs for Entrepreneurship: Concept, Functions and Need with Solutions

1.
An entrepreneur is a person who

2.
To maintain consistent business through out the year, an entrepreneur may

3.
Who is a Fabian Entrepreneur?

5.
Which of the following funding sources is specifically aimed at helping early-stage startups?

6.
The ‘Stand up India Scheme’ focuses on providing financial support for -
(A) Innovators for rural and semi-urban area.
(B) Woman entrepreneurs.
(C) Scheduled Caste (SC) entrepreneurs
(D) Scheduled Tribes (ST) entrepreneurs
Choose the most appropriate answer from the options given below :

8.
Feasibility analysis may be processed as follows.
Choose the correct answer from the options given below :

11.
The Government of India has launched the following initiative a few years ago to drive the new age ideas and enterprises:

14.
Which of the following is NOT part of Entrepreneurship Development Programme ?

Comments

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CMAT PYQs for Entrepreneurship: Concept, Functions and Need with Solutions

1.An entrepreneur is a person who

2.To maintain consistent business through out the year, an entrepreneur may

3.Who is a Fabian Entrepreneur?

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

6.The ‘Stand up India Scheme’ focuses on providing financial support for - (A) Innovators for rural and semi-urban area. (B) Woman entrepreneurs. (C) Scheduled Caste (SC) entrepreneurs (D) Scheduled Tribes (ST) entrepreneurs Choose the most appropriate answer from the options given below :

8.Feasibility analysis may be processed as follows. Choose the correct answer from the options given below :

11.The Government of India has launched the following initiative a few years ago to drive the new age ideas and enterprises:

14.Which of the following is NOT part of Entrepreneurship Development Programme ?

Comments

SUBSCRIBE TO OUR NEWS LETTER

1.
An entrepreneur is a person who

2.
To maintain consistent business through out the year, an entrepreneur may

3.
Who is a Fabian Entrepreneur?

5.
Which of the following funding sources is specifically aimed at helping early-stage startups?

6.
The ‘Stand up India Scheme’ focuses on providing financial support for -
(A) Innovators for rural and semi-urban area.
(B) Woman entrepreneurs.
(C) Scheduled Caste (SC) entrepreneurs
(D) Scheduled Tribes (ST) entrepreneurs
Choose the most appropriate answer from the options given below :

8.
Feasibility analysis may be processed as follows.
Choose the correct answer from the options given below :

11.
The Government of India has launched the following initiative a few years ago to drive the new age ideas and enterprises:

14.
Which of the following is NOT part of Entrepreneurship Development Programme ?