There are no hard and fast rule, but the employer who recruits his staff is Human after all and suppose a hypothetical condition in which two persons (say) A nd B have applied for a particular job, and coincidentally both have the same experience and knowledge about the job but A has passed all the papers (or modules) in first attempt, whereas, on other hand, B does not do so, instead he has attempted some of the papers more than once. If you were instead of the employer, whom would you favor?
There always is distinction between good and better, near me atleast.
as long as you qualify.. once you are a CA, sub set hai. however till the time you are a student, this will be play somewhat a big part when it comes to getting into a good firm (until you have pawwa)