Project Management and Entrepreneurship · Question Bank

Every question from the MAKAUT papers of 2022-23 to 2025-26 (4 papers, 106 questions), sorted by topic in study order.

# Reading Guide

• Each line ends with the year(s) it was asked and the marks. Repeated questions come first in each topic, shown once with every year.
• A question that touches two topics also appears under the second one, with a link to its main topic.
• Other papers (collapsed): similar MAKAUT subjects from other branches or older schemes. Good for practice. They are not counted in the priorities.
• Notes for each topic → PM&E · Short on time? → Priority List

# Unit 1 · Introduction

# 1.1 Entrepreneur & Entrepreneurship: Meaning and Concept ★★★

Notes → 1.1

• What do you mean by entrepreneurship? 2025-26 · 1M 2025-26 · 1M 2024-25 · 1M 2023-24 · 5M
• State any two roles of entrepreneur. 2024-25 1M

# 1.2 Types of Entrepreneurs (incl. Women, Rural and Social) ★

Notes → 1.2

• List any two problems faced by rural entrepreneurs. 2025-26 1M
• What is a social enterprise concerned with? 2025-26 1M
• Write the importance of Women Entrepreneurs in India. 2025-26 5M

# 1.3 The Entrepreneurial Process ★

Notes → 1.3

• Describe the entrepreneurial process? 2025-26 5M

# 1.5 Contributions of Entrepreneurs to Society & Economic Development ★

Notes → 1.5

• State any two roles of entrepreneur. 2024-25 1M · main topic 1.1

# 1.6 Entrepreneurial Risk: Risk–Opportunity Perspective, Types & Mitigation ★★

Notes → 1.6

• What is risk management? 2025-26 5M
• Explain the different types of risk faced by entrepreneur. 2025-26 10M
• Explain various risk mitigation strategies for a firm. 2023-24 5M
• Explain in detail various risk mitigation strategies for a firm. 2023-24 7M

# Unit 2 · Entrepreneurship - An Innovation

# 2.2 Innovation Management: Concept, Importance & Steps ★★★

Notes → 2.2

• Explain the concept and importance of innovative management. 2025-26 2024-25 2022-23 5M

# 2.3 Idea Management System ★

Notes → 2.3

• What is idea management system ? 2022-23 1M
• What is idea management system? 2022-23 3M

# 2.4 Divergent vs Convergent Thinking ★★★

Notes → 2.4

• What is convergent thinking? 2024-25 · 1M 2023-24 · 5M 2022-23 · 7M

# 2.5 Qualities / Characteristics of a Successful Entrepreneur ★★★

Notes → 2.5

• Discuss the characteristics of successful Entrepreneurs. 2025-26 · 15M 2024-25 · 15M 2022-23 · 1M

# Unit 3 · Idea Incubation

# 3.3 Market Segmentation ★★

Notes → 3.3

• Factors determining market segment 2022-23 15M

# 3.4 Blue Ocean Strategy ★★

Notes → 3.4

• What is a blue ocean strategy? 2024-25 2023-24 5M

# 3.6 Demand–Supply Analysis ★

Notes → 3.6

• The quantity supplied ____ when the price of good rises 2022-23 1M
• As income increases the demand for normal good will ____ 2022-23 1M

# Unit 4 · Entrepreneurial Motivation

# 4.1 Entrepreneurial Motivation: Meaning & Factors ★★

Notes → 4.1

• How would you explain entrepreneurial motivation? 2025-26 15M

# 4.2 McClelland's Achievement Motivation Theory ★★★

Notes → 4.2

• Theory of High Achievement Motivation is given by....... 2025-26 · 1M 2024-25 · 5M
• Explain the motivational theory of McClelland and what do you mean by sustainable competitive advantage? 2023-24 8M

# 4.3 Design Thinking ★★

Notes → 4.3

• What is design thinking? 2025-26 · 1M 2024-25 · 1M 2024-25 · 5M

# 4.4 Design-Driven Innovation ★

Notes → 4.4

• Design driven innovation is a ____ approach . 2024-25 1M
• Is design driven innovation a push or pull approach? -Explain. 2024-25 5M

# 4.5 TRIZ (Theory of Inventive Problem Solving) ★

Notes → 4.5

• What is TRIZ? 2024-25 10M

# 4.6 Harvesting Strategies ★★

Notes → 4.6

• What do you mean by Harvesting strategy ? 2022-23 1M
• What is harvesting strategy? 2022-23 6M
• Reasons to employ harvesting strategy? 2022-23 9M

# Unit 5 · Information

# 5.2 Business Incubation & Acceleration ★

Notes → 5.2

• What is role of incubation in entrepreneurship? 2024-25 1M

# 5.3 Funding New Ventures: Sources & Options ★★

Notes → 5.3

• Discuss various types of funding options for an entrepreneur. 2024-25 15M
• What do you mean by Capital of a business ? 2023-24 1M

# 5.4 Angel Investors ★

Notes → 5.4

• Write a note on "Angel Investor". 2025-26 5M

# 5.5 Small-Scale Industries (SSI) & Entrepreneurship ★★

Notes → 5.5

• SSI stands for ____. 2023-24 1M
• How entrepreneurship involves the development of small scale industries. – Explain. 2023-24 5M

# 5.6 Government of India Support Institutions (SISI, KVIC, DGFT, SIDBI, Defence, Railways …) ★

Notes → 5.6

• Write the full form of SISI. 2024-25 1M
• NSTC means ____ . 2023-24 1M

# Unit 6 · Closing the Window

# 6.1 Sustaining Competitiveness & Maintaining Competitive Advantage ★★

Notes → 6.1

• What should an entrepreneur do to maintain competitive advantage? Mention 1 point only. 2025-26 1M
• Explain the motivational theory of McClelland and what do you mean by sustainable competitive advantage? 2023-24 8M · main topic 4.2

# Unit 7 · Applications and Project Reports

# 7.1 Project Report Preparation & Applications ★★

Notes → 7.1

• What is the format to write a project report? 2025-26 1M

# Unit 8 · Project Management

# 8.1 Project: Definition, Characteristics & Types ★

Notes → 8.1

• Construction of a house is an example of ____ term project 2022-23 1M
• Definition of project with example 2022-23 5M

# 8.2 Project Management: Definition & Objectives ★

Notes → 8.2

• Define the term Project Management. 2024-25 2022-23 1M

# 8.3 Issues & Problems in Project Management ★★

Notes → 8.3

• Write a note about issues and problems in project management with examples. 2024-25 15M

# 8.4 Project Life Cycle & Its Phases ★★★

Notes → 8.4

• Discuss the phases of Project Life Cycle. 2025-26 · 15M 2024-25 · 1M 2024-25 · 5M 2022-23 · 5M
• Discuss the initiation phase of a project 2022-23 5M

# Unit 9 · Project Feasibility Studies

# 9.1 Project Identification & Generation of Project Ideas ★

Notes → 9.1

• Explain how various project ideas are generated? 2023-24 7M

# 9.2 Pre-Feasibility & Feasibility Studies ★★★

Notes → 9.2

• What do you mean by feasibility of a Project ? How the feasibility study is conducted before starting a project. 2023-24 2022-23 5M
• What is technical feasibility study of a project? 2025-26 1M · main topic 9.4
• Discuss pre feasibility studies 2022-23 5M

# 9.3 Detailed Project Report (DPR) ★

Notes → 9.3

• What is the format to write a project report? 2025-26 · 1M 2022-23 · 5M · main topic 7.1

# 9.4 Technical Appraisal ★

Notes → 9.4

• What is technical feasibility study of a project? 2025-26 1M

# 9.5 Economic, Commercial & Financial Appraisal ★

Notes → 9.5

• What is economic appraisal? 2022-23 5M

# 9.6 Capital Budgeting Process ★

Notes → 9.6

• Explain various phases of Capital Budgeting. 2023-24 5M

# 9.7 Capital Budgeting Techniques (Payback, NPV, PI, IRR) ★★

Notes → 9.7

• If NPV > 1, the company ____ the proposal. 2024-25 2022-23 1M
• Company C is planning to undertake a project requiring initial investment of $105 million. The project is expected to generate $25 million per year in net cash flows for 7 years. Calculate the payback period of the project. 2024-25 · 5M 2022-23 · 7M 2022-23 · 8M

# 9.8 Social Cost Benefit Analysis (SCBA) ★★

Notes → 9.8

• What is social cost benefit analysis? 2025-26 5M
• What are its benefits and applications? 2025-26 10M

# Unit 10 · Project Planning

# 10.3 Work Breakdown Structure (WBS) ★★★

Notes → 10.3

• What do you mean by Work Breakdown Structure? 2025-26 · 1M 2024-25 · 1M 2023-24 · 10M 2022-23 · 1M
• Discuss the importance of work breakdown structure. 2024-25 5M
• Explain with an example the development of work breakdown structure in project management. 2023-24 8M

# 10.4 Organization Breakdown Structure (OBS) ★★

Notes → 10.4

• Write a short note on Organization Breakdown Structure (OBS). 2023-24 5M

# Unit 11 · Project Scheduling and Costing

# 11.1 Gantt (Bar) Chart ★

Notes → 11.1

• Define bar chart. 2023-24 1M
• Bar chart was invented by whom ? 2023-24 1M
• What is a BAR Chart ? 2023-24 1M

# 11.2 Network Analysis Basics: Activity, Event & Dummy Activity ★

Notes → 11.2

• What is an Event ? 2023-24 1M
• Explain The Dummy Activity with Reference To Network Analysis. 2023-24 5M

# 11.3 CPM: Time Calculations (ES, EF, LS, LF) ★★★

Notes → 11.3

• CPM stands for..... 2025-26 2024-25 2023-24 1M
• Activities P, Q, and R instantly follow activity M, and their current starting times are 12, 19, and 10. So, what is the latest finishing time for activity M? 2023-24 2023-24 2022-23 1M
• What do you mean by PERT Analysis and CPM in respect of project management techniques? 2023-24 5M · main topic 11.6

# 11.4 Critical Path: Identification & Significance ★

Notes → 11.4

• How one can Identify the Critical Path and its significance? Explain with an example and diagram. 2023-24 5M

# 11.6 PERT (and PERT vs CPM) ★★★

Notes → 11.6

• What is PERT? Give a few examples of applications of PERT. 2025-26 · 5M 2022-23 · 1M
• Difference between PERT and CPM. 2024-25 2022-23 5M
• What do you mean by PERT Analysis and CPM in respect of project management techniques? 2023-24 5M

# 11.8 Project Costing & Cost Reduction Methods ★

Notes → 11.8

• Two types of project costs 2022-23 1M

# Unit 12 · Project Monitoring and Control

# 12.3 MIS in Project Monitoring ★

Notes → 12.3

• What is Management Information System? 2025-26 1M

# 12.4 Project Audit & Post-Project Audit ★★

Notes → 12.4

• What do you mean by Audit of a project ? 2023-24 1M
• What is post project audit? 2023-24 1M

# 12.5 Zero Defects & Quality Control in Projects ★★

Notes → 12.5

• Explain the concept of zero defects. 2023-24 5M