Two types of grace marks for financial managment students

Written By Unknown on Jumat, 28 Maret 2014 | 22.23

MUMBAI: Final-year students of Bachelor of Management Studies (BMS) have heaved a sigh of relief after Mumbai University increased the internal grace marks. Moreover, students who have merely failed in financial management will be granted the benefit of two types of grace marks-statutory grace marks and internal grace marks. Besides, the results of revaluation will be out in a day or two, said controller of examinations Padma Deshmukh.

The rule of applying two kinds of grace marks will be allowed to all those with a minimum score of 9 and they will automatically clear the subject. Explaining the criteria for statutory grace marks, dean T P Madhu Nair said that if a student had failed only in one subject, 1% of the aggregate score or 5 marks, whichever was lower, could be awarded to students. Additionally, 10 marks of internal grace score will also be granted.

For instance, if a student has scored 11, 5 marks under the statutory gracing rule and 10 marks as internal grace score will be added, thus taking the overall score in financial management to 26. "I have written to the vice-chancellor to grant one more provision to students. I have stated that if students take a re-exam, the higher score of either attempt must be considered in the result," said Nair.

In fact, several principals, including him, have goaded their students to take the exam again so that they have a better overall percentage. The confusion in this year's financial management paper took place because of bloopers made by the paper-setter who provided an "error-ridden" model answer book for evaluation.

This year's result was "abnormally" poor. Of the 11,254 candidates who appeared, merely 5,072 passed, a success rate of 45%. Several students were awarded grace marks and the pass percentage stood at 58%, which is dramatically lower than in all other subjects.

Ever since the results were released, students have been protesting. The university finally decided to a have re-look into the evaluation.

A group of senior teachers were asked to pick four papers from each of the 72 exam centres. They re-assessed the papers to find the variation caused because of the goof-up. They all acknowledged that there was some amount of variation and the university needed to rectify the problem.

Students who have scored less than 9, will have to take the exam again. But under the credit system, they will get a class based on their scores and not the demeaning 'pass class' which earlier used to given to those who had earlier failed.


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