CAT 2023 Exam: The Common Admissions Test, abbreviated as CAT, is a higher-level entrance exam for graduates looking to get admission in higher level management programmes in the Indian Institutes of Management (IIMs), Faculty of Management Studies (FMS) and other top B-schools in India. This test scores the candidates on the basis of Quantitative Ability (QA), Data Interpretation and Logical Reasoning (DILR) and Verbal Ability and Reading Comprehension (VARC). The CAT exam is conducted by Indian Institutes of Management (IIMs) every year based on a policy of rotation.