What is the level of negative marks given for wrong answers?
On the basis of the analysis that we at TIME have done over the last 16 years (when the level of negative marks were not specified) as well as the information that has been released by the IIMs over the last couple of years, it is observed that when questions have four choices, one-third of the marks allotted to the question are deducted for wrong answers and when questions have five choices, one-fourth of the marks allotted to that questions are deducted.