MBA programs are offered in full time/ part time/executive options and are structured in two courses - core courses and elective (specialization) courses. Programs generally give exposure to theory and practice alike. At the end of the course normally there is a capstone project that tests the strategy and research capabilities of the student.
After the first year of course an internship is a must for full time students, and a dissertation or major project is a degree requirement after the completion of course work. A comprehensive exit-examination, either a common test for many institutions or in-house tests conducted by institutions, is an integral part of MBA/PGDM/PG program.