IPMAT

IPMAT 2018 exam paper will consist of three sections:
Quantitative Ability (Multiple Choice Question-MCQ)
Quantitative Ability (Short Answer Question-SA)
Verbal Ability (Multiple Choice Question-MCQ)
Be thorough with this syllabus and you will definitely reach the goal.

No, it is not necessary but your basics should be clear.

You should secure more than 55% to be eligible for IPM.

Hi, You may follow this book at Amazon
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Apart from books, also spend time for magazines like Business & Management Chronicle by Chronicle Publications and Competition Success Review or even newspapers would help like The Hindu, Economics Time or The Statesman.

Integrated programme in Management Aptitude Test IPMAT is conducted by the Indian Institute of Management Indore. The national level test is a gateway for admission to the 5 year Integrated programme in Management offered at IIM Indore. The examination is conducted in computer-based mode, and is held in the month of May, and the result of the same is also announced in the same month. For the backup, you can go ahead with B.Com or BBA in accounts and then MBA in Finance would be good option looking at your keen interest and strength.

There is no such criteria. Student from any stream can apply. Test comprises of two sections: Maths and English. 60 questions of Maths and 40 of English.

Hi, Examination does't have quota. Once the result is announced you can check with the college for sports quota.

It doesn't matter as such but it sure makes an impact in the personal interview round.
Good luck!

Nope.
FYI, I'm a Jain too!