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CAT exam stands for Common Admission Test. It is a computer-based MBA entrance test for admissions into the IIMs and several other prestigious B-Schools in the country. Every year it is conducted by the IIMs on a rotational basis. CAT attracts graduates from all streams and is one of the most sought after competitive exams. Around 2 Lakh people appear for this exam every year. Exam for CAT 2021 will be organized by IIM Ahmedabad, as per the sources.