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Hello Aspirant!
The Graduate Management Admission Test (GMAT) is the entrance exam for prospective MBA and PGDM students who wish to study abroad. GMAT scores are accepted in over 80 countries worldwide and many top institutions in India. GMAT exam is conducted by the Graduate Management Admission Council (GMAC).
There is no free seat provided in GMAT score , But if your GMAT score is higher than 720+ then you can get up to 100% scholarship in your tuition fee. To get top 20 colleges ,for that you will need to score minimum 720 or above to be competitive for merit-based scholarships. And, for the mid-range schools, a 700 is a better score to be competitive for GMAT scholarships.
For more details you can check Careers360:
https://www.careers360.com/exams/gmat
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