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The tutorial covers six types of password protection in Microsoft Excel, including how to set a password for opening a file and for modifying it. Additionally, it explains how to protect the workbook and worksheets, alongside placing passwords in an MBA project. The presenter demonstrates the process using a blank Excel file. To add a password, the user should save the file and access the tools drop-down menu. In the general options, there are two types of password settings available. This provides users with secure methods to manage file access and modifications effectively.