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Hi.
I am not sure which course you want to apply for. Provided you want to apply for a masters course in any management related discipline, you should take the GMAT because that is the preferred medium of examinations as per the business schools. However, if you are looking to pursue a masters in electronics and any other technology related field, you should take the GRE as that is the preferred medium of examination. In some cases, you may have to take the subject GRE and not the general GRE. For further information on subject GRE, please visit: http://www.ets.org/gre/subject/about
Hope my answer has solved your query. If it has, kindly mark this as best answer.

1. Candidates applying for admission to the first year of MBA (Full-Time) Program in FMS, University of Delhi must have pursued at least a 3-year Bachelors Degree Program after 12 years of formal schooling in any of the following disciplines. The minimum requisite percentage of marks in different disciplines is as follows:
Arts, Commerce or Social Sciences - 50%
Sciences - 55%
Mathematics or Statistics - 60%
Medicine, Engineering or Technology - 60% / CGPA of at least 6.00 in a scale of 10.00
OR
Post Graduate Degree or 2nd Degree examination after 10+2+3 scheme, securing at least 60% marks. (Candidates appearing for the final examination of Bachelors / Post Graduate Degree examinations may also apply).
2. Candidates must be 20 years of age as on 1st of October of the year of admission.
3. There is no reservation whatsoever for the graduates of Delhi university or the residents of Delhi.

Hi Deepak,
To pursue either of the two mentioned - NET or Ph.D, one requires to be a Masters degree holder from a recognized University.
CFA is a Chartered course (Certified program) and not a Masters degree, hence you would not be eligible to pursue either of the listed options. Yet for Ph.D I would suggest you to contact ICFAI to inquire about the possibilities to take admission for Ph.D in this University itself as they might have some provision to help you with.
To know about the Universities offering in Ph.D, refer to the following link:
http://tinyurl.com/yzu89fn
And to know about the NET, you may refer to the following link:
http://tinyurl.com/yexlgj5
Kindly revert for any further queries, also if you liked this answer then rate it 'Best answer' or give a 'Thumbs Up' rating.
All the Best!