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I dont think so, it doesnot make any sense.
If one can get degree just by writing a thesis you can understand what level of education will go to.
There are some universities in South Africa who charge you lacs of rupees and give you MD, MS, Mch degrees which are not even recognised in South Africa. All these are given with an online exam in which those people help you to pass the so called exam.
One thing all of us should know is that "without hard work we cant get anything".