No, the evaluation only gives you an honor or a bonus, otherwise your paper will be selected into a magazine or a school discussion library. The undergraduate thesis will not be brushed off during the evaluation. Undergraduate thesis rarely wins honors outside your school, because it is relatively shallow. As for how to evaluate and who will evaluate, there will be different forms according to different schools, but there will be no going through the motions. The more important the school, the stricter the promotion will be.