it means that it has been authorised by the relevant body
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It depends on the context. For example, You could say " I have been approved to be a banana." It wouldn't make sense if you said "I has been approved." And you could only say has in " It has been approved to be a banana." saying " It have been approved to be a banana." just wouldn't make sense.
yes it is approved
Its not approved
yes it is approved by AICTE and UGC
is mjrp university approved by ugc?