CMAT 2024 Preparation Tips for Innovation & Entrepreneurship: Important Topics, Sample Questions

CMAT aspirants, especially first time test takers, need to follow CMAT 2024 preparation tips for Innovation & Entrepreneurship since preparing for CMAT 2024 Innovation and Entrepreneurship may seem difficult for MBA aspirants as it is quite a unique and newer section. Cracking CMAT Innovation and Entrepreneurship isn’t much tricky, especially if you have studied Business Studies and related subjects. Since Innovation and Entrepreneurship is now a mandatory section carrying 20 questions, aspirants have to score well to increase their overall score.

CMAT 2024 will be conducted on May 15, 2024. If you are appearing for CMAT 2024 but are clueless about Innovation and Entrepreneurship preparation, then go through some of the best preparation tips shared by our MBA experts.

Also Read: CMAT 2024 Preparation Tips for General Awareness

Know the Characteristics of an Entrepreneur

• Disciplined
• Curios
• Creative
• Willing to try things
• Honest
• Innovative
• Always have a plan
• Risk-taker
• Passionate and motivated

CMAT 2024 Preparation Tips for Innovation & Entrepreneurship

To prepare for CMAT 2024 Innovation & Entrepreneurship, you don’t need to spend hours figuring out a way to solve an equation. All you need to do is study the important topics and remember the information. Check out the CMAT 2024 preparation tips for Innovation & Entrepreneurship to understand what you need to do.

Gather Important Topics

Since Innovation & Entrepreneurship is a knowledge-based section, candidates must have an idea of all the topics that it covers. Begin your preparation by knowing about Innovation & Entrepreneurship and the topics concerning them. You may come across some topics like concepts of innovation and business, innovation of the life cycle, entrepreneurship and start-ups, entrepreneurial development, entrepreneurship and government policies, etc. Ensure you make a list of everything you find so that you know beforehand what you are going to study.

Practice Sample/ Previous Years’ Papers

Another best way to start your CMAT Innovation & Entrepreneurship preparation is by going through the sample/ previous year’s question papers. This will give you an idea of the type of questions asked in this section. Note down all the important topics and allocate them to your timetable at your convenience. Once you get a detailed understanding of the topics, you can start solving CMAT previous years’ question papers or sample papers.

Know About Famous Innovators/ Entrepreneurs

As Innovation and Entrepreneurship are all about inventing or developing new and unique ideas that can revolutionize the market by replacing the old, many questions are asked about the innovators and their inventions. Candidates must ensure to read about the famous innovators or entrepreneurs who created a buzz around the globe by thinking out of the box. You can simply Google the famous innovators and then read about each one of them. This is indeed one of the great CMAT 2024 preparation tips for Innovation & Entrepreneurship.

Learn Basics About Starting an Enterprise

Starting a venture is quite different from getting into a traditional business. The competition may be less, but the risk involved in entrepreneurship is huge. The innovative product or service might revolutionize the entire market or end up failing miserably. It is crucial for candidates to have a thorough knowledge of starting an enterprise. Various questions or an RC passage may be asked around it. Having a clear mindset of doing business can be helpful a lot in solving Assertion-Reason type of questions.

Read About Govt-Aided Entrepreneurial Schemes

There are various government-aided entrepreneurial schemes in our country like Stand-up India and Start-up India, etc. CMAT 2024 Innovation & Entrepreneurship section may have questions about government-aided entrepreneurial schemes; thus, it’s important you get a complete idea of them. Also, not just India, you can read about global entrepreneurial schemes as some questions might appear around them in the exam.

Attempt CMAT Mock Tests

Mock tests are extremely helpful in understanding the CMAT exam pattern and expected topics from every section. When preparing for CMAT, try to solve one mock test daily to get an idea of the questions that can be asked in the actual exam. While attempting the Innovation & Entrepreneurship section, try to think logically about the questions like an entrepreneur and then answer accordingly. CMAT mock tests will help you analyze your performance, manage time and accuracy, and know where you are lacking.

Also Read: 7 Tips to Beat CMAT 2024 with a Bang!

CMAT 2024 Innovation & Entrepreneurship Important Topics

Listed below are some of the important topics for CMAT 2024 Innovation & Entrepreneurship you must focus on.

Books & Study Material for CMAT 2024 Innovation & Entrepreneurship Preparation

Check out the best books and study material to refer to for CMAT 2024 Innovation and Entrepreneurship preparation:

Innovation & Entrepreneurship Questions Asked in CMAT 2022

Last year, a total of 20 questions were asked in the CMAT Innovation & Entrepreneurship section. The questions were focused mostly on the candidates' awareness of Entrepreneurship skills. Around 10% of questions were from current affairs while 90% were from static affairs. Here’s a list of questions asked in CMAT 2022 Innovation & Entrepreneurship:

CMAT Innovation & Entrepreneurship Sample Questions

Go through the sample questions from the CMAT Innovation & Entrepreneurship section to get an idea of what to expect in the exam:

Why is CMAT 2024 Innovation & Entrepreneurship Important?

When introduced in CMAT 2021, the Innovation & Entrepreneurship section was optional. However, now that section is mandatory to attempt for qualifying the exam, it has become quite crucial. Here are some reasons why CMAT Innovation & Entrepreneurship is important:

• The difficulty level of CMAT Innovation & Entrepreneurship ranges from moderate to easy. Candidates can easily crack this section by studying the important topics. If you know the right answers, you can get through this section and get an impressive score.
• While answering CMAT Innovation & Entrepreneurship questions, you will not need to do any calculations or apply any formulae. It’s a black-and-white section; either you know the right answer or not. So, you can save a lot of time which can be invested in solving calculation-intensive questions for other sections.
• CMAT is one of those MBA entrance exams whose every section has equal weightage (General, Awareness, Quantitative Techniques & Data Interpretation, Logical Reasoning, Language Comprehension, and Innovation & Entrepreneurship). If a candidate has to qualify for the exam, he needs to put equal effort to crack every section.
• There is no sectional time limit in CMAT. Since you don’t have to do calculations to get the answer, you can finish this section in less time and utilize the remaining time in solving QA, DI, and LR questions.

Hope these CMAT 2024 preparation tips for Innovation & Entrepreneurship help you crack this section easily. Make sure you go study all the important Innovation & Entrepreneurship topics mentioned above and solve sample questions for a foolproof preparation. We wish you all the best for CMAT 2024!

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