Firstly, one benefit is that exams bring a great level of sincerity in students to achieve success as they are often conducted in a formal set up and require thorough preparation. Having sincere approach to study is the key to effective learning and growth. Secondly, as exams are standardized and organized at central level, it helps students compete directly with others. This prepares them for their future, when as adults, they will have to face a similar situation in the job market. For example, IT companies regularly conduct logic ability and written communication exams as a first level of screening for fresh graduates prior to interviewing them.