Answer 1

Above 80 %ile with significant weight to profile

Answer 2

Cut off mark for admission during the last 2 years:  
        2011 – 13 = XAT = 77.15 percentile; ATMA = 97.26 percentile
        2010 – 12 = XAT = 85.37 percentile

source:http://www.gim.ac.in/gim_aicte.php

This the mandatory disclosure by GIM to AICTE 

Comments

thanks sir, what about the CAT cutoff

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GIM doesnt consider CAT score