CMAT 2025: Innovation and Entrepreneurship Preparation Tips with Sample Questions

Common Management Admission Test 2025 ( CMAT )

5 mins read33.2K Views5.9K Comments

Admit Card: 17 Jan '25

Vipra
Vipra Shrivastava
Senior Manager - Content
Updated on Nov 16, 2024 19:25 IST

CMAT Innovation and Entrepreneurship questions are easy. Basic knowledge of business studies and entrepreneurship is enough to prepare for this section in no time. Know all about CMAT Innovation and Entrepreneurship section. Also get sample questions on Innovation and Entrepreneurship to prepare for CMAT 2025.

CMAT preparation for Innovation and Entrepreneurship

CMAT preparation tips for Innovation and Entrepreneurship section

CMAT Innovation and Entrepreneurship is an easy section. It was introduced as an optional section in CMAT 2021 but since then it appears as a mandatory section in the exam. The CMAT Innovation and Entrepreneurship section carries 20 questions of 4 marks each. For preparation of this section you need to rely upon guidance and previous years CMAT question papers. CMAT 2025 will be held on January 25, 2025 so you have three months to prepare for this section.

Explore colleges based on CMAT

Gurgaon
#11 NIRF
₹8.25 L
In Top 10 %ile by Average Salary of MBA Colleges
Mumbai
#20 NIRF
₹9.5 L
Ranked in the top 50 by NIRF
Noida
#29 NIRF
₹6.4 L - 13.8 L
Ranked in the top 50 by NIRF
Jalandhar
#38 NIRF
₹8 L - 10 L
In Top 10 %ile by Average Salary of MBA Colleges

Want better recommendations?

There is a 90% more chance of getting best college recommendations by sharing preferences.
Ghaziabad
#35 NIRF
NA
In Top 10 %ile by Average Salary of MBA Colleges
Bangalore
#60 NIRF
₹4.8 L - 8.6 L
In Top 10 %ile by Average Salary of MBA Colleges
Noida
#45 NIRF
₹14.75 L - 15.75 L
In Top 10 %ile by Average Salary of MBA Colleges
Anand
#49 NIRF
₹13.6 L
In Top 10 %ile by Average Salary of MBA Colleges
Dehradun
#59 NIRF
₹7.17 L
Ranked in the top 100 by NIRF
Kolkata
#56 NIRF
₹14 L
In Top 10 %ile by Average Salary of MBA Colleges
View allCollections

In the CMAT exam, the questions of Innovation and Entrepreneurship will be straightforward and moderate. If you've studied Business Studies before, you will have a fair idea of what to focus on for preparation of this section. CMAT Innovation and Entrepreneurship is a knowledge based section and can be mastered by understanding concepts. There are no formulae or calculations in this section. Preparation can also be done through CMAT Innovation and Entrepreneurship book and PDF material which is readily available. But the best way to prepare for it is by practicing sample questions. 

Q:   Which section of CMAT question paper has the maximum weightage?

A:
All the five sections of CMAT question paper has equal weightage of 20 questions. Each question carries four marks for correct attempt. One mark is deducted per incorrect entry. There is no marks deduction for unanswered question. Therefore, each section of CMAT will have equal weightage of 80 marks. Given below is the sectional weightage of CMAT exam. 1. English Comprehension: 20 questions, 80 marks 2. General Knowledge: 20 questions, 80 marks 3. Quantitative Techniques and Data Interpretation: 20 questions, 80 marks 4. Data Interpretation and Reasoning: 20 questions, 80 marks 5. Innovation and Entrepreneurship: 20 questions, 80 marks Since, all the sections of CMAT have same weightage, it is important for candidates to prepare for each section well. If you will score equally will in every section, only then will your overall score will be good. Also, many colleges consider sectional scores as well for admission shortlist so it is important to perform equally well in all sections of CMAT.

Q:   What is the benefit of solving official CMAT question papers?

A:
Solving previous year CMAT question papers is very important for optimising your performance in the exam. There are several benefits of practicing the official CMAT question paper but one of the most important benefits is that the candidate will know the latest exam pattern and difficulty level. The CMA question papers are set by the examination authority on the basis of questions asked in last 10 years or so. Thus, if you practice CMAT previous year papers, you will be familiar with all types of questions asked in the exam in the last few years. Since, MBA entrance exams are all about speed and accuracy, it is very important to be familiar with the types of questions. CMAT question papers help you in time management skills as well as the skill to choose the right questions to ask. Candidates must solve CAT question papers of at least last five years for best results.

Q:   How many questions are asked in GK section of CMAT?

A:
There are 20 questions from General Knowledge in CMAT. All the questions are in MCQ format. Four options are given for each question to choose the right answer from. The General Knowledge section of CMAT is usually of a higher difficulty level but as it is a memory based section, it can be completed in maximum 15 minutes. The questions pertain to static GK and Current Affairs. Topics included in CMAT GK section are business, politics, awards, inventions, Science and technology, sports, society, world, advertising, trade, books and authors, arts, entertainment, history, geography and politics. Candidates should attempt the GK section in the end as the main criteria for MBA are English Quantitative Aptitude Logical Reasoning and Data Interpretation. The candidate's main focus should be on getting maximum questions correct in these three sessions. GK can be handled at the end.

CMAT 2025: Innovation and Entrepreneurship Preparation

Innovation and Entrepreneurship section of CMAT 2025, section is basically all about business knowledge. To crack this section candidates need to know the following:

  • Concepts of innovation and business
  • Innovation of the life cycle
  • Entrepreneurship and start ups
  • Entrepreneurial development
  • Strategies of starting a venture
  • Types of start ups
  • Entrepreneurship and government policies

Explore more MBA exams with upcoming dates

IRMASAT 2025 Last Date of Appl...

8 Jan '25

SNAP 2024 result announcement

8 Jan '25

XAT

LIVE
XGMT registration

26 Aug '24 - 10 Jan '25

NMAT 2024 Registration Window ...

5 Jan '25 - 10 Jan '25

MICAT (II) registration process

25 Nov '24 - 11 Jan '25

MU BAAT 2025 Round 2 Registration

11 Dec '24 - 21 Jan '25

BET 2025 Round 2 Submission De...

21 Jan '25

SBEST Mock Test 2025

23 Jan '25

MAH CET 20245 registration process

25 Dec '24 - 25 Jan '25

Difference Between Entrepreneurship vs Business

Check below the main features of entrepreneurship and business which are the key differentiators. This is critical to understanding the CMAT Innovation and Entrepreneurship section:

Entrepreneurship

Business

Unique idea

Existing idea

Creates a new market

Creates a space in existing market

Low competition

High competition

High risk

Comparatively low risk

Market leader

Market player

revolutionary

traditionalist

Who is an Entrepreneur?

An entrepreneur is someone who has the ability and desire to establish, operate and succeed in a startup venture along with risk entitled to it, to make profits. The entrepreneurs are considered innovators or the source of new ideas who revolutionise the market by replacing the old with their new invention.

What is Entrepreneurship?

Entrepreneurship can be defined as the ability and efforts to develop, organize and run a business enterprise in order to make a profit. The entrepreneur has to be aware of risks involved and have the willingness to take those risks.

Types of Entrepreneurship

  • Small Business Entrepreneurship: This is referred to as those businesses, which are set up by individuals for self-sustenance and self-employment such as grocery store, non-essential and essential items shops, tailoring, salon, consultancy, ticketing & travel agency, etc. This type of business doesn’t require capital from the market.
  • Scalable Startup Entrepreneurship: A business started with a new idea aiming to grow into a profitable company can be defined as a Scalable Startup. This type of business model requires external capital for expansion. The most famous examples of scalable startups are Facebook, Skype, and Twitter.
  • Large company Entrepreneurship: This type of entrepreneurship refers to new businesses established within the existing business with the aim of becoming the market leader in the said field. It includes huge investments, solid infrastructure and innovative products to beat competition.
  • Social Entrepreneurship: As the term suggests, this type of entrepreneurship refers to the business set for catering to social needs and contributing to welfare of vulnerable sections of the society. The sole aim of Social Entrepreneurship is not profit.

Characteristics of an Entrepreneur

An entrepreneur is not a professional. An entrepreneur is a someone who is a leader, who is a visionary, who is a risk taker and who has the drive to convert an idea in to reality. Some of the key characteristics of an entrepreneur are given below:

  • Risk taker
  • Innovative
  • Visionary
  • Leadership qualities
  • Flexibility
  • Knowledge

CMAT Innovation and Entrepreneurship Syllabus

Given below is are the topics included in the syllabus of Innovation and Entrepreneur section of CMAT exam 2025. Candidates must go through these topics in detail:

  • Concepts of Entrepreneurship
  • Overview of Entrepreneurship
  • Evolution of Entrepreneurship in India
  • Role of Entrepreneurship in Economic Development
  • Theories and Models of Entrepreneurship
  • Framework of Entrepreneurship Theories
  • Models of Entrepreneurship
  • Emerging Models of Corporate Entrepreneurship
  • Dimensions of Entrepreneurship
  • Entrepreneurial Society
  • Entrepreneurial Culture
  • Rural Entrepreneurship
  • Women Entrepreneurship
  • Emerging Trends in Social Entrepreneurship
  • Principles of Business Organisation
  • Motivation, Communication and Leadership

Also Read:

CMAT exam pattern 2025 CMAT 2025 preparation strategy
CMAT syllabus 2025 CMAT question papers of previous years PDFs

In CMAT, the questions in Innovation and Entrepreneurship section will be based on these concepts. The questions will be in MCQ format and candidates will be required to select the right or closest option. Check out below some of the Innovation and Entrepreneurship questions from CMAT 2021 question paper.

CMAT Innovation and Entrepreneurship questions for practice

Q: What is the title of the Authorised Biography of JRD TATA?

A: My Times: An Autobiography

B: Beyond the Last Blue Mountain

C: Ace Against Odds

D: Wings of Fire

Q: The process of gathering information about market or socio-economic trends is called:

A: Need for achievement

B: Tenacity

C: Neuroticism

D: Environmental Scanning

Q: India’s first live Payments Bank was launched by:

A: Aditya Birla Idea

B: Cholamandalam

C: Bharti Airtel

D: Paytm

Q: Which city is ranked as one of the world’s five fastest growing startup cities?

A: Cochin

B: Ahmedabad

C: Bangalore

D: Nagpur

Q: A business where an individual is both the owner and conductor of the business affairs is called:

A: Proprietorship Firms

B: Partnership Firms

C: Private Limited Company

D: None of the above

Q: Which of the following is not one of the traits of an entrepreneur?

A: Opportunity Exploration

B: Perseverance

C: External locus of control

D: Risk Taking

The section will also have passage based questions.

Practice Free CMAT Mock Test by Shiksha

CMAT_Mock_Test_1 CMAT_Mock_Test_1_Solutions
CMAT_Mock_Test_2 CMAT_Mock_Test_2_Solutions

Read More:

About the Author
author-image
Vipra Shrivastava
Senior Manager - Content

Vipra is a massive Breaking Bad fan. When not watching crime drama series, she spends time in updating the list of places she wants to visit and people she wants to meet, but she is happiest in the company of dogs. ... Read Full Bio

Download Important Dates for MBA/PGDM Exams

News & Updates

Latest NewsPopular News

Explore Other Exams

Jan '25

XAT 2025 response sheet releas...

Jan '25

XAT 2025 result

8 Jan '25

SNAP 2024 result announcement

21 Dec '24

SNAP 2024 session 3

24 Dec '24 -

2 Mar '25

MAT 2024 Registration Process ...

24 Dec '24 -

9 Mar '25

MAT 2024 Registration Process ...

19 Dec '24

CAT 2024 result announcement

3 Dec '24 -

5 Dec '24

CAT 2024 answer key challenge

5 Jan '25 -

10 Jan '25

NMAT 2024 Scheduling Window (s...

5 Jan '25 -

10 Jan '25

NMAT 2024 Registration Window ...

Feb '25

IBSAT 2024 Selection Process (...

28 Dec '24 -

29 Dec '24

IBSAT 2024 Exam

25 Dec '24 -

25 Jan '25

MAH CET 20245 registration pro...

Mar '25

MAH MBA CET 2025

2 Feb '25

ATMA 2025: Last Date of Fee Pa...

4 Feb '25

ATMA 2025 Last date of applica...

17 Oct '24 -

5 Dec '24

IIFT 2025 registration and app...

Jan '25

IRMASAT 2025 Last Date of Appl...

Feb '25

IRMASAT Personal Interviews

The list of exams are recommended based on what other exams do the students in your area show interest in
qna

Student Forum

chatAnything you would want to ask experts?
Write here...

Answered Yesterday

GL Bajaj Institute of Management & Research offers scholarships to PGDM/ MBA courses on the basis of CMAT rankings secured by the candidates. Check out the eligibility criteria and financial benefits through this scholarship below: 

Scholarship on the basis of CMAT ranking: 

Rank between 10001 and 20000Scholarship amount INR 20,000
Rank between 4001 and 10000Scholarship amount INR 25,000
Rank between 1 and 4000Scholarship amount INR 30,000

K

Krishnendu Kumar

Contributor-Level 6

Answered 6 days ago

Hi,

Scoring a 99.99 percentile in CMAT is an excellent achievement, and it certainly boosts your chances of getting into top management colleges like JBIMS (Jamnalal Bajaj Institute of Management Studies). However, your 10th and 12th scores of 70% may be slightly below the average for some top-tier i

...more

R

Rupesh Katariya

Contributor-Level 10

Answered 6 days ago

Here are some CMAT colleges where graduates have reported average salaries exceeding 11 LPA:

 

1. Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai: Known for its prestigious reputation, JBIMS offers an average placement package of around 28.02 LPA.

2. SIMSREE, Mumbai: This institute provi

...more

A

ABHINAV SRIVASTAVA

Contributor-Level 8

Answered a week ago

MAT 2025 is scheduled to be held on January 25, 2025, almost four months ahead of previous years. The CMAT exam is usually held in March-April, but in 2023 and 2024, it was held in May. The last time CMAT was held in January was in the year 2019. 

The NTA has announced registration dates via an offi

...more

R

Ranjeeta Rai

Contributor-Level 10

Answered 2 weeks ago

Arihant MCA Entrances 2025

As per my opinion this book is best for MCA.

N

Nitin prakash sonkar

Beginner-Level 1

Answered 3 weeks ago

Top MBA colleges offering average CTCs above 12 LPA, with ST out-of-state reservations and accepting CMAT or XAT scores, include XLRI Jamshedpur (32 LPA, XAT), XIM Bhubaneswar (20 LPA, XAT), Great Lakes Institute of Management (15–17 LPA, CMAT/XAT), Goa Institute of Management (14–15 LPA, CMAT/XAT),

...more

59928193
Amit Saini

Contributor-Level 10

Answered 3 weeks ago

An 85 percentile in CMAT is considered a good score and can make you eligible for a PGDM scholarship at GIBS Business School. GIBS typically offers scholarships to students with strong academic records or good performance in entrance exams like CMAT. With an 85 percentile, you are likely to be consi

...more

B

Bhavani

Contributor-Level 8

Answered 3 weeks ago

Yes, I can suggest colleges in Gujarat that accept CMAT score for admission to MBA

Colleges are :- 

  • Adani Institute of Infrastructure management
  • Bk School of business management 
  • Amrut modi School of management 
  • Shanti Business School
  • Indus University 
  • Graduate School of management studies 
  • Centre for manag

...more

71271179
Sankalp Anand

Contributor-Level 7

Answered 4 weeks ago

Depends on exam results, the CMAT cutoff for BLDEA's A S Patil College of Commerce changes depends on the admissions method. Two methods are available to candidates for admission: the Management Quota, which uses CMAT/KMAT scores, or the Government/Merit Quota, which uses CMAT scores through KEA cou

...more

K

Kritika Kumari

Contributor-Level 10

Answered a month ago

You can join BLDEA's A S Patil College of Commerce for MBA or PGDM programs even if you haven't taken the CMAT. The college also accepts other entrance exams like Karnataka PGCET and KMAT.

Admission Process:

  • Students are primarily admitted based on merit through these exams, followed by a counseling p

...more

S

Suyash Pandey

Contributor-Level 9