B.Com

First, decide yourself what you want to do MBA or job, because if you are planning for a good college then I would rather suggest you to study for CAT exam with complete dedication of taking admission this year. CAT needs a lot of practice and study to get admission in good colleges. If you waste time in deciding these confusions you will not able to give CAT exam at good stage. So I would suggest start preparing for CAT entrance exam with complete dedication and Self-motivation. Then if you get a very good score go for TOP MBA colleges to complete your goal and if unfortunately you couldn't able to crack CAT exam then you can go for any suitable job for one year then you will have time and you can prepare will for next CAT exam.
While doing your final year you will have a flow of study for CAT and at least you will not waste a year for preparation of CAT.

It doesn't matter if a student is pursuing B.Com (Hons.) from distance learning in India atleast. The basic condition is it should be pursued from a university recognized by UGC. The job opportunities are equally and importantly available for such candidates as well. The students can compete for government job openings in the same manner as in some one from regular course. The various departments where they could get selected could be through UPSC, SSC or any other local opening at state or even village panchayat levels.
The mode of learning could be anything. Most importantly the candidate should always focus on his/her scorecard. It is the scorecard of the aspirant that keeps him ahead of others. As end of the day it matters a lot. Therefore, one should try to keep his/her scorecard excellent. I hope this would suffice.