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If you are a working professional, MBA will help to perform your work in well organized and planned manner, plus it can be helpful in getting you promotion.
MBA is not only about business, but it helps you in overall development of once personality and ability.

Dear,
Executive MBA programme is not treated as a regular or distance course.
The executive MBA programme has its own value and offered by respected and established universities for the middle level management working professionals who have atleast 2-5 years of experience.
All the best.

To pursue MBA, first, you have to clear entrance exams like CAT, MAT, CMAT, XAT, GMAT and others. After clearing the entrance exams, you can get admission into colleges. The admission will depend upon your score and percentile in these exams.

Dear,
For this, you can apply to the colleges and universities located in North India.

No, they don't have equal value. In Medical, you need proper clinical exposure, case studies and practical experience which can't be achieved by correspondence mode.

It depends on the kind of career you're looking forward to. If you have a relevant background and you can continue in the same field, then well and fine. But, if you're looking for money over interest, go for regular MBA.