story
I wouldn't trust an engineering graduate who scored 100% on all their exams to design a bridge at all. Where as someone with 10+yrs relevant experience but who got 60-70% in their exams would be preferable to me.
Mastery of the math isn't that relevant due to all the design standards you have to understand and comply with anyway, while all the little pragmatic solutions to real world constraints (incl how the builders work and what they need to be effective) learnt from experience and mentoring from your senior peers are far more important.
That would be terrible test design. At my (German) university, most Multiple Choice tests give one point for a correct answer, minus half a point for a wrong answer. That way you expect negative points from people who think they know everything but are no better than random guessing, zero points from somebody who knows nothing, some points from someone who can always narrow it down to two choices.
I guess my point is that you can arbitrarily raise the floor with a bad grading scheme, but there's no inherent reason to do that.