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Hello,
There are many colleges which are affliated to some university. There you need to give entrance exam. Even if your rank doesn't clear the cutoff then also you can take admission through management quota.
There might be some colleges which will directly take admissions through management quota, but i'll suggest you not to waste so much of money in undergraduate programme. Prepare for cat,gmat and try to get a good college for MBA.
I hope it helps
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