BMSAT Kozhikode (QA) PYQs

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?

One country's GDP is currently $600 billion and is growing at 10% per annum. Another country's GDP is $700 billion, while it is growing at 5% per annum. How many years will it take for the GDP of the 1st country to overtake the 2nd?

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?