IGNOU M.A. Psychology while preparing for government exams, manageable?

Has anyone here completed or is currently pursuing IGNOU’s M.A. Psychology?
I’m preparing for government exams and want to do a master’s alongside that. Is the course manageable? How demanding is it in terms of assignments, practicals, and exams?
I’m also considering an MBA, but I’m not sure whether I’d be able to balance that with exam preparation. Between an M.A. in Psychology and an MBA, which would be more manageable alongside government exam prep?
Also, is the degree valued similarly to other M.A. Psychology programs if I want to become a therapist in the future?