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Hi Simran,
Management Aptitude Test (MAT) is conducted by AIMA and is accepted by majority institutions. If you are referring to government colleges like IIM and IIT's then MAT is not accepted as the admission to these institutes is based on the CAT score. Apart from these, there are various MBA departments of Government universities that accept MAT score for admission and have a very high ROI.
Hope this helps,
All the best!
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