CMAT 2024 Revision Plan for Innovation & Entrepreneurship

Are you looking for a CMAT 2024 Innovation & Entrepreneurship revision plan? A comprehensive analysis of your knowledge of innovative business operations, government plans and policies, international entrepreneurs, and personalities is done in the newly added fifth part on innovation and entrepreneurship. Since the Innovation & Entrepreneurship section has been recently introduced, there isn't a lot of study material available in the market. So, you must rely on toppers’ guidance and CMAT test questions from previous years.

CMAT 2024 will be conducted on May 15, 2024 . A concrete revision plan for the Innovation & Entrepreneurship section ha been provided for aspirants below.

Also Read: List of MBA Colleges Accepting 70-80 Percentile in CMAT 2024

What is the Innovation and Entrepreneurship Section in CMAT 2024?

The Innovation and Entrepreneurship Section in CMAT 2024 has the following features:

• NTA has added a fifth section in the CMAT exam on Innovation and Entrepreneurship as an optional section in 2021 with an additional time limit of 30 minutes.
• In 2022, the Innovation and Entrepreneurship section was made a compulsory component in CMAT.
• There will be 20 questions in the CMAT Innovation and Entrepreneurship segment, each carrying 4 marks. With each incorrect response, 1 mark will be deducted.
• Questions in the NTA CMAT Innovation and Entrepreneurship part 2024 cover a variety of subjects, including Business and Economy, the most recent who's who, and comprehension passages.
• There are 100 total questions in CMAT 2024, including 20 MCQs in each of the five parts.
• In comparison to 2021, the total CMAT exam duration in 2024, including the fifth component, has been reduced to 3 hours from 3½ hours.

Key Topics to be Revised for CMAT 2024 Innovation & Entrepreneurship

It is imperative for the candidates to revise the following topics thoroughly to perform significantly well in the Innovation & Entrepreneurship Section of CMAT 2024:

CMAT 2024 Revision Plan for Innovation & Entrepreneurship

Preparation for the Innovation and Entrepreneurship section of the CMAT 2024 exam requires a strategic approach to grasp the concepts effectively. Here's a comprehensive guide to aid in your preparation:

• Focus on Conceptual Understanding: Unlike other sections, Innovation and Entrepreneurship in CMAT do not require rote memorization of formulas or calculations. Emphasize understanding the underlying concepts.
• Practice Sample Papers: Regular practice with sample papers enhances accuracy and familiarity with the exam format. Utilize sample papers to gauge your preparation level and identify areas for improvement.
• Review Budget and Economic Survey: Understand the implications of economic policies, initiatives, and reforms on entrepreneurship and business promotion.
• Stay Updated with Current Affairs: Daily newspaper reading is essential to stay abreast of recent developments in entrepreneurship, business, banking regulations, and economic conditions.
• Read Relevant Magazines: Magazines like Business Line, Business Today, Yojana, India Today, and Frontline provide in-depth analysis and insights into contemporary business issues.
• Static Awareness: Refer to yearbooks such as the Manorama Year Book or India Year Book to bolster your knowledge of static aspects related to business and economy.
• Logic and Reasoning: Employ logical reasoning while answering questions. Understand the rationale behind different business strategies and decisions.
• Familiarize with Entrepreneurial initiatives: Explore the process of launching a business or organization, including aspects like business viability, generating business plans, and factors influencing feasibility. Familiarize yourself with entrepreneurial initiatives supported by the government, such as Stand-up India - Start-up India.
• Familiarize with Key Terminologies: Revise important terminologies related to business and entrepreneurship, such as Auctioneer, Start-ups, Bootstrapping, Innovation Management, Patent, Trade Mark, etc.
• Study Notable Innovators and their Contributions: Gain insights into the inventions and accomplishments of renowned innovators, as their work often serves as case studies or examples in exam questions.
• Stay Updated with Recent Developments: Revise recent who's who, significant places, and noteworthy books in the news. Stay informed about trends such as the growth of start-up hubs, notable biographies, and global business rankings.

By following these comprehensive strategies, you can enhance your preparation for the Innovation and Entrepreneurship section of the CMAT 2024 exam, ensuring confidence and proficiency on exam day.

CMAT 2024 Innovation & Entrepreneurship Revision Plan for the Last 2 Months

Two months is not a short amount of time to prepare for the Innovation & Entrepreneurship section of CMAT 2024. Using a variety of CMAT preparation tools, you can go back and revise whatever you've done or prepared during the last three months:

1. Ensure that you have strengthened your fundamentals and acquired solid clarity on the basics.
2. Visit a variety of online CMAT preparation resources in addition to reading through the best books for CMAT 2024 .
3. You should start taking mock tests and answering CMAT questions from previous years so that you can identify your mistakes and rectify them. Instead of continually reading the theory, you should now start to tackle the questions. Analyze every mock test.
4. Undertake a reputable test series to improve your preparation for the innovation and entrepreneurship portion.
5. More attention should be paid to the CMAT exam quizzes, CMAT mock tests, and various question types that were asked on the CMAT from the Innovation & Entrepreneurship section.
6. Try to concentrate on all of your weak areas to strengthen them. But don't spend any more time on them. Instead, put more effort into developing your areas of strength further.

Best Books for CMAT 2024 Innovation & Entrepreneurship Revision

According to the CMAT syllabus 2024 , study materials, sample papers, and questions, some of the most recent and comprehensive books on the CMAT Innovation and Entrepreneurship segment are as follows.

Also Read: What is a Good Score in CMAT 2024?

Importance of Mock Tests in CMAT 2024 Innovation & Entrepreneurship Revision

Mock tests are going to be utilized to assess the students' degree of preparation, performance, and weak and strong areas. Candidates can easily evaluate their performance in comparison to other test-takers, and determine which areas require additional focus. To avoid receiving low marks, the candidates can then concentrate on their areas of weakness. Also, candidates can better comprehend the CMAT exam format by solving the practice questions.

They will also obtain knowledge about the number of questions asked, the classification of the entire paper, and all of the important topic areas from which the majority of the exam's questions are drawn. To answer as many questions as possible precisely and efficiently in the allotted time, applicants might also improve their time management abilities.

Spending about 20 to 25 minutes on this portion in the first round should be adequate because the questions don't need a lot of critical thinking. You can always go back to the section again if time permits. If your total attempts are on the lower side, try to avoid taking unnecessary chances; but, if your attempts are really high, it won't be detrimental to take a few chances.

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