BMSAT Kozhikode (QA) PYQs

Suppose the tax rules allow a person to either pay 20% of their total annual income as income tax, or pay 25% after claiming a deduction of Rs 2 lakh from the total annual income. What is the lowest annual income above which the former regime is attractive to the taxpayer?

A country has 3 major economic sectors: agriculture, manufacturing and services - with their share of the country's Gross Domestic Product (GDP) being 40, 20 and 40 percent, respectively. Of these, services is growing at 10% per annum, whilst agriculture is growing at 4%. The GDP in aggregate is estimated to be growing at 6% yearly: what is the annual rate of growth of manufacturing in percent?

A foreign country reduces its import duty on an Indian exporter's product from 30% to 10%. The exporter estimates that the reduction in import duties - which he will pass on fully by reducing prices -- will increase the volume of sales by 50%. The revenue obtained in that market turned out to be Rs 165Cr. What would the revenue have been if the exporter continued selling at the old price?