Colleges in Delhi

The eligibility criteria of MBA of IILM University is given below. Educational : Degree (10+2+3 or 4) in any discipline from universities and institutions recognised by AICTE/ UGC/ AIU (Students appearing in their final year can also apply) with minimum 50 % marks. Entrance scores acceptable : Candidates can apply based on their scores in CAT/ MAT/ XAT/ GMAT/ CMAT / ATMA scores. The MAT score above 70 percentile is very good enough for this college.

DU only requires best 4 subjects in which one language is compulsory which is English in your case. Other 3 can be any subject that is mentioned in the list given by DU for the specific course. If the subject you are giving is not in that list a deduction of 2.5% will be applicable.
As per the subjects that you've mentioned and according to the general subjects that most people include in best 4, you can choose eng, accounts, eco and best and then your best 4 will be 97.75. If you choose the other two, a deduction of 2.5% per subject would be applicable because painting and PE is not in that list.

Please write about the course name for better response. However the eligibility criteria of GIBS's BBA course is given below. ELIGIBILITY CRITERIA BBA Pass in 12th class of 10+2 of CBSE or equivalent with a minimum of 50% marks in aggregate and must also have passed English (core or elective or functional) as a subject. Aggregate of 50% marks in the 12th class for the purpose of eligibility will be taken as the aggregate of best four subjects including English and compulsory subject (s), if any. So you can be eligible for BBA if meeting the above criteria.