So if I live 15 kilometres away from mnnit...I have to stay in college from 8am to 6 pm ???

I think for exact schedule (time table)  you will get a clear state once you go to the college. Within 5-7 days you'll get to know what would be easy and convenient, for exactly what hours your classes will take place.
So go to college within 5-7 days you would he able to make your plan

Sorry to ask further but I'm in my final year of graduation from b.com and I'm confused between various colleges in Allahabad from where to pursue MBA as I have to do it from Allahabad only...I got to know that United have 9 to 4 college hour for MBA...and I wanted to do MBA from mnnit if it has less college hour coz I have to go from bus to home 15 km.

Rupali Di...Have you done your MBA from mnnit ? So you could tell me exactly what is the situation there as I'm very stressed about where to go for MBA. Please help.