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Don't think that NIOS students have to score more as compared to CBSE students. Both the boards are equal for DU. So in order to get admission in regular BA you have to clear the required cutoff.

Choose MBA if you want to enhance your skills improving your communication levels, innovative ideas of implementing yourself and proving yourself to be a leader in the organization but there are lots of job opportunities in MBA.

Yes, you can pursue, if your one degree is from regular mode and other from distance mode, then both the degrees are considered as valid.

Why you're trying to do 2 undergraduate courses at a same time. It will have no importance. If you're doing B.Tech or B.Sc try to do well. You can go for small certificate courses if you wish to acquire extra skills.

Do regular course, distance courses have no value.

If your looking into pursuing MBA through distance. I would suggest you to link into this link for clarity on fees and eligibility procedures:
https://www.google.co.in/url?sa=t&source=web&rct=j&url=https://www.shiksha.com/mba/colleges/distance-correspondence-mba-colleges-bangalore&ved=0ahUKEwiB3J_vrbbVAhUFvY8KHfmWDWsQFgiVATAD&usg=AFQjCNH5vBg8ji2v2jgRCIXLozUyMV7vqA

Hi Pradeep,
As long as you have a graduation degree, you should be able to pursue MBA FT from FMS Delhi.
Please go through the institute website at www.fms.edu to know more about admission eligibility.

Distance education is equal to regular degree if done from a recognized University.