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Dear, it all depends on the cutoff.

Yes, there are some seats for management quota.

With a marks of 540 out of 720 you will surely get a seat in a government medical college via your State quota. Though chances of fetching a seat via the AIQ is not impossible.

MBA Insurance Management is good, they have more opportunities for a job in banking system.

Yes you can apply through counseling if your cutoff is high.

There are no management quota seats. There are only A category seats in veterinary colleges.

Yes, but seats are very limited.

Business administration manages different fields in business management. Applicants seek after this course to land positions in advertising, education, finance, sales and government. Business managers do the objectives, strategies and techniques of their area of expertise or association.