Data interpretation MCQs with Answers

Question 1

Read the passage and answer the question.

Players are selected for Judo based on their body weights from the following 10 weight groups:

Weight group	Body weight
1	48 kg – 52 kg
2	52 kg – 56 kg
3	56 kg – 60 kg
4	60 kg – 64 kg
5	64 kg – 68 kg
6	68 kg – 72 kg
7	72 kg – 76 kg
8	76 kg – 80 kg
9	80 kg – 84 kg
10	84 kg – 88 kg

The average weight of the players after selecting one player from each group is 68 kg. If one of the players (named S) leaves the team, their average weight comes down to 66.5 kg.

What is the average weight of all the players in the ten weight groups taken together (not only the players selected for the team)?

Question 2

Directions: Answer the question based on the information given. The rate of taxation in India has these slabs:

Taxable Income (₹)	Tax Rate
0–50,000	Exempt
50,000 – 60,000	10%
60,000 – 1,50,000	20%
1,50,000 +	30%

For salaried employees having salaries below ₹ 1,50,000 p.a., a standard deduction of ₹ 30,000 is available, which is reduced from the total income. Besides, a rebate is available on investments in various saving schemes like Provident Fund, Infrastructure Bonds, Post Office Savings, etc. The rebate is calculated at 20% of the total investment in these savings instruments. Thus, if a person has invested ₹ 10,000 in some saving instruments, he gets ₹ 2,000 rebate on his net tax liability.

However, if the salary increases above ₹ 1,50,000 p.a., the standard deduction is reduced to ₹ 25,000 and the rebate on investments is calculated at the rate of 15% of the total investment. Thus, a person saving ₹ 20,000 will get a rebate of ₹ 3,000 on his liability. Besides, a tax surcharge of 10% is added on the total tax liability for all tax payers. Also, working women have a further rebate of ₹ 5,000 available to them on their total tax liability.

What will be the total tax liability of Mr. Rajiv Srivastava, who has a salary of ₹ 1,50,000 p.a. (Assume he saved ₹ 40,000 in the year)?

Question 3

Directions: Answer the question based on the information given. The rate of taxation in India has these slabs:

Taxable Income (₹)	Tax Rate
0–50,000	Exempt
50,000 – 60,000	10%
60,000 – 1,50,000	20%
1,50,000 +	30%

For salaried employees having salaries below ₹ 1,50,000 p.a., a standard deduction of ₹ 30,000 is available, which is reduced from the total income. Besides, a rebate is available on investments in various saving schemes like Provident Fund, Infrastructure Bonds, Post Office Savings, etc. The rebate is calculated at 20% of the total investment in these savings instruments. Thus, if a person has invested ₹ 10,000 in some saving instruments, he gets ₹ 2,000 rebate on his net tax liability.

However, if the salary increases above ₹ 1,50,000 p.a., the standard deduction is reduced to ₹ 25,000 and the rebate on investments is calculated at the rate of 15% of the total investment. Thus, a person saving ₹ 20,000 will get a rebate of ₹ 3,000 on his liability. Besides, a tax surcharge of 10% is added on the total tax liability for all tax payers. Also, working women have a further rebate of ₹ 5,000 available to them on their total tax liability.

Mrs. Shruti Srivastava who works in the same firm, earns a salary of ₹ 1,50,000 p.a. How much must she save to pay no tax for the year?

Question 4

Directions: Answer the question based on the information given. The rate of taxation in India has these slabs:

Taxable Income (₹)	Tax Rate
0–50,000	Exempt
50,000 – 60,000	10%
60,000 – 1,50,000	20%
1,50,000 +	30%

For salaried employees having salaries below ₹ 1,50,000 p.a., a standard deduction of ₹ 30,000 is available, which is reduced from the total income. Besides, a rebate is available on investments in various saving schemes like Provident Fund, Infrastructure Bonds, Post Office Savings, etc. The rebate is calculated at 20% of the total investment in these savings instruments. Thus, if a person has invested ₹ 10,000 in some saving instruments, he gets ₹ 2,000 rebate on his net tax liability.

However, if the salary increases above ₹ 1,50,000 p.a., the standard deduction is reduced to ₹ 25,000 and the rebate on investments is calculated at the rate of 15% of the total investment. Thus, a person saving ₹ 20,000 will get a rebate of ₹ 3,000 on his liability. Besides, a tax surcharge of 10% is added on the total tax liability for all tax payers. Also, working women have a further rebate of ₹ 5,000 available to them on their total tax liability.

Prakash Purti has a salary income of ₹ 1,44,000. Besides he has earned ₹ 35,000 as consultancy income. He has saved ₹ 70,000 for the year in tax savings instruments. How much tax will he have to pay?

Question 5

Directions: The bar graph shows the foreign exchange reserves of a country (in million US$) from 2008-09 to 2015-16. Answer the question based on this graph.