Bachelors

Pravesh,
Top BMS colleges:
St. Xavier's College.
Narsee Monjee College of Commerce and Economics.
HR College of Commerce and Economics.
Jai Hind College.
Mithibai College.
KC College.
Usha Pravin Gandhi College of Management.
RA Podar College of Commerce and Economics.
SIES College.
K. J. Somaiya College of Arts and Commerce.

You may get into International Institute of Fashion Design (INIFD).

Hi Sachin,
For list of colleges in Mumbai offering BAF, kindly refer the link below:
http://goo.gl/0RvKfU
Kindly filter out the branch / college / location as desired from the above link.
I hope this information helps. Please feel free to revert.
Wish you luck.

Yes, you can expect some good amount of scholarships based on the SAT score and your merit.

You can apply for BS Social Science, Political Science, International Relations etc.

Yes it is totally possible

Amit, BAF orients candidates in the area of finance and accounting only, where as BMS graduates can opt for a much wider array of specializations. BAF is a course suited for those with an active interest in the world of finance and accounting. Those who are more oriented towards management and business can choose BMS. Each course has its own advantages and disadvantages. But both have career opportunities and higher study options available. The only difference seems to be the broader scope with BMS compared to BAF, which is only in finance and accounting.