national examination for pharmacist

They passed the exam.

The exam pass rate is 74.25% .
It's down 10 % compared to last year.
What does this mean?
The ministry believes there is going to be too many pharmacists in the future.
So they are trying to reduce the successful applicants?

The one applicant is a new comer.
She passed it on her first trial.

The other one failed last year.
She concentrated on study for one year and passed it finally.
What a relief!