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Dear Vyshnavi,
No, there is no negative marking in IBSAT.
To add to your knowledge, here is the examination structure:
S.No.
Sections
No. of Questions
1
Data Adequacy and Data Interpretation
30
2
Quantitative Techniques
3
Reading Comprehension
4
Verbal Ability
50
Total
140
For more detailed information, visit the following website.
https://bschool.careers360.com/articles/ibsat-exam-pattern
Hope it helps.
Good Luck.
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