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.
On the other side, one issue is that students do not get a chance to have a regular feedback and improve, which is only possible with continued assessment methods. This may deprive students a chance to incrementally improve and focus on their weak areas. Another problem is that exams bring a high level of stress in students without judging their key abilities, which leads to mental health issues in children. To illustrate, in a recent survey conducted by the ABC research among students from grade 6th to 8th in Delhi, 40% were stressed due to their examinations and had to seek medical advice.
In conclusion, while exams can work as an effective way of assessment, it can also lead to lack of timely feedback and high stress among students. 
 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.
On the other side, one issue is that  
students
 do not  
get
 a chance to have a regular feedback and  
improve
, which is  
only
 possible with continued assessment methods. This may deprive  
students
 a chance to  
incrementally
  improve
 and focus on their weak areas. Another problem is that exams bring a high  
level
 of  
stress
 in  
students
 without judging their key abilities, which leads to mental health issues in children. To illustrate, in a recent survey conducted by the ABC research among  
students
 from grade 6th to 8th in Delhi, 40% were  
stressed
 due to their examinations and had to seek medical advice. 
In conclusion
, while exams can work as an effective way of assessment, it can  
also
 lead to lack of timely feedback and high  
stress
 among  
students
.