MAT 2024 Economic & Business Environment Syllabus: Check Pattern, Important Topics, Best Books & Preparation Tips

Updated By Aarushi Jain on 09 Oct, 2024 15:56

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MAT 2024 Economic & Business Environment Syllabus

The MAT Economic and Business Environment section, formerly known as the Indian and Global Environment section, stands out as one of the most dynamic sections of the MAT entrance exam. This is primarily because the section does not have a fixed syllabus, like with other sections. For the current year, the MAT Economic and Business Environment syllabus typically will contain business and finance, headlines and news from the corporate world, awards, books and authors, social and economic issues, and current affairs. This section contains 30 questions for a total of 30 marks as per the MAT 2024 exam pattern. You can usually invest just 15-20 minutes in these questions because they form direct facts questions that require no elaborated reasoning. Read below to find all the information regarding the MAT 2024 Economic and Business Environment syllabus.

Overview of MAT 2024 Economic & Business Environment Syllabus

Here’s a quick overview of the MAT 2024 Economic & Business Environment syllabus and section, covering key details like question count, types of questions, marking criteria, and exam duration for a better understanding:

Particulars

Details

Marks Allotted

30

Number of Questions

30

Type of Questions

MCQs

Marks Awarded

+1 for every correct answer

Negative Marking

-0.25

Time Suggested to Allocate 

15-20 minutes

MAT 2024 Exam Duration

150 minutes

Considered for Percentile Calculation

No

MAT 2024 Syllabus for Economic and Business Environment Section

Earlier known as Indian and Global Environment, the Economic and Business Environment section in the MAT 2024 exam will comprise 30 multiple choice questions on General Knowledge and Current Affairs. To prepare for this section effectively, you need to rely on resources like Current Affairs Yearbooks and Static GK books. 

The table given below encompasses the main or important topics for the MAT 2024 Economic and Business Environment syllabus:

MAT 2024 Economic and Business Environment Syllabus: Important Topics

Current Affairs

World Records

Business

CEOs

Awards and Winners

Books and Authors

Company Punchlines

History

International Organisation

Statements & Quotations

Social issues

Geography

Sports

Finance

Corporate News

Science

Entertainment

Politics

Best Books for MAT 2024 Economic and Business Environment Syllabus

To cover the MAT 2024 syllabus for the Economic and Business Environment section, you must use the right study resources and MAT 2024 best books, which include extensive topic descriptions and practice questions on all the important topics. Given below are some of the best books for MAT 2024 preparation for the Economic and Business Environment section as recommended by experts.

Books Names

Publisher/Author

Manorama Yearbook

Mammen Mathew 

Current Affairs Yearly

Arihant 

Lucent’s General Knowledge

Lucents

Pearson General Knowledge Manual 2024

Pearson

MAT 23 years Topic-wise Solved Papers (1997-2019)

Disha Experts

Pratiyogita Darpan

Upkar Prakashan

The Mega Yearbook

Disha Experts

Face To Face MAT With 24 Years Solved Papers(2020-1997)

BS Sijwali

Other Useful Resources for MAT Economic and Business Environment Preparation

Reading newspapers and other media publications like business magazines is essential for keeping up with current events. It not only helps you stay up to date on current events, but it also makes learning new vocabulary. If you are preparing for the MAT 2024 exam, reading Indian and global news regularly will assist you stay informed and prepared. 

Below are some recommended resources to help you prepare effectively for the MAT 2024 Economic and Business Environment syllabus:

  • Magazines
  • Newspapers
  • Competition Success
  • The Hindu
  • India Today
  • The Times of India
  • Business World
  • Economic Times
  • Business Line by The Hindu Group
  • The Indian Express
Top Management Colleges :

MAT 2024 Economic and Business Environment Preparation Tips

To effectively prepare for the MAT 2024 Economic and Business Environment syllabus, here are some important preparation tips to guide your studies:

  • Choose Quality Reference Books: Refer to reliable resources like Lucent's General Knowledge or the Manorama Year Book in building a sound foundation in major GK topics.
  • Solve Sample Papers: Solving MAT sample papers and MAT previous year question papers can be of great help. This helps you to pinpoint the key topics covered and understand the balance of weight given to both static general knowledge and current affairs.
  • Keep Track of All the Updates: Download good news apps, which will help track daily news on national as well as international aspects.
  • Create Summarised Notes for Quick Revision: Prepare concise notes about important topics such as polity, history, business and the economy. This will make it easier to revise important points quickly.
  • Read Newspapers Daily: Regularly follow one leading newspaper such as The Hindu, The Times of India, or the Economic Times to remain abreast with day-to-day events and trends.
  • Practice with GK and Current Affairs Quizzes: You can do static GK quizzes, sectional mock tests, and sample papers. Not to forget practice quizzes, particularly on current events.
  • Online Education Channels: Take additional support from YouTube channels dedicated to MAT 2024 preparations. Many have videos that explain static GK or elaborate on complex current issues with some tips to understand them.
  • View Relevant Shows for In-depth Learning: While studying, a student can complement his learning by watching live news channels, podcasts and talk shows on current affairs. It boosts the comprehensive information and knowledge trends related to the current issues.

Points to Remember for MAT 2024 Economic and Business Environment Section

  • Start by answering the questions you are most confident about. This will get you off to a good start, and give you great momentum and confidence early in the test.
  • As there is a negative marking on wrong answers in this section, try to avoid answering those questions that you are not sure about.
  • Complete this section before other sections as it is relatively easier and requires less time.
  • By finishing it first, you will create a feeling of accomplishment and confidence to push forward.

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FAQs about MAT Syllabus

How much time is required for the MAT 2024 Economic and Business Environment syllabus preparation?

To get ready well for MAT 2024 Economic and Business Environment, you need to dedicate at least 30 to 45 minutes daily until the exam date. Dividing study sessions could be helpful; read the newspaper in the morning for current events, and do some scheduled study periods later in the day that are assigned for additional study material preparation. This will ensure that you cover all topics consistently throughout your time, which you then may strengthen to build up to your exams.

What is the difficulty level of the MAT 2024 Economic and Business Environment section?

The overall difficulty level of the MAT 2024 Economic and Business Environment section seems to be easy-moderate. The static general knowledge questions are direct and hence can be answered straight away without much analysis. Current affairs questions, however, range from topics freely and their nature is unpredictable. You should attempt current affairs questions only if you are pretty sure of your answers since wrong answers entail negative markings.

What is the fastest way to prepare the MAT 2024 Economic and Business Environment syllabus?

The focus should be placed on sample papers and past exam questions while working out the MAT 2024 Economic and Business Environment syllabus; it helps in your working out the kinds of questions that may be asked during the exam, thereby giving you a broader vision of what to expect.

Are MAT 2024 Economic and Business Environment section scores considered for calculating the final percentile?

There is no inclusion of the marks obtained in MAT 2024 Economic and Business Environment in the final percentile calculation. However, colleges might consider individual section scores at the time of admission. Therefore, scoring well in these sections is necessary for getting admitted.

Is there any negative marking in the MAT 2024 Economic and Business Environment section?

In the section of MAT 2024 Economic and Business Environment, there is a negative marking given for wrong answers. For example, 25% of marks assigned to a question are deducted for every wrong answer. According to the scoring system of MAT, you gain 1 mark for every correct answer but lose 0.25 marks for each wrong answer.

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