Why are academic institutions now looking to judge their students in multiple choice questions tests? Multiple choice questions are nowadays very common in many of the world's institutes. Particularly in entrance tests, they use multiple choice testing.
Why are these academic institutions now looking to judge their students using multiple choice tests?
Because they are graded easily and fast, and there is no room for subjectivity.

The answer to question 1 is option b). If you marked b), you get points, if you didn't, you are wrong. The grader doesn't even need to know what the question is about, just that the right answer is b). Also, there is no middle ground, no partial credit, and no subjectivity involved.

Of course, there are a whole lot of problems with this system: poorly phrased questions, the student doesn't show the process, just the final result...