The reaction between H2SO4 in a mixture of KI and MnO2 yields iodine which reacts with hypo solution by titration and the iodine is decolorized.
Iodine is decolorized.
The first reaction stated in the question occurs as follows;
2 KI (aq) + 2 H2SO4 (aq) + MnO2 (s) → MnSO4 (aq) + K2SO4 (aq) + I2 (s) + 2 H2O (l)
The reaction here is the formation of iodine from MnO2 and KI in the presence of dropwise H2SO4.
Hypo is the common name of sodium thio-sulphate or sodium hypo-sulfite.
The equation of the titration reaction is;
2Na2S2O3 + I2→ Na2S4O6 + 2NaI
When this reaction takes place, iodine is decolorized due to its reduction to I^-.
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