MBA/PGDM

Regular MBA is always preferable over distance MBA. MBA is hardly ever about the books and academics, but mostly about the practical applications and collaborative development of personality. Hence if you are inclined towards design, join some course. This will help you focus on the only relevant part of your vision. While MBA will help you holistically, the course designed will cater to your specific skill set.
Good luck.

Yes, you can go for MBA and the minimum percentage required is 50.
Best of luck.

Dear Pulkit!If you don't have the work experience, surely it will going to makes a huge negative impact on your MBA Selection. I Hope you know that Iims, FMS, ISB, SP Jain, MDI are the Top colleges in India. The average age of the student here is almost 24 and 25. However, the average managerial work experience here is 3 to 4 years. So now it's upto you that how you makes yourself fit in that environment. Getting work experience is not mandatory is not necessary but it is very much preferred!
I hope you get the point.
Hopes this Helps.
Ask any query at anytime.
Good Luck.