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Hi ishir,
Well, there is no age limit for both the CAT Exam eligibility as well as the IIM eligibility, the 2 years Bachelor's degree which is accepted by CAT Exam Eligibility Criteria is not accepted by the IIMs which require a 3 years Bachelor's degree for their Management Programs.
A student who had scored 50% marks in his graduation can be eligible for this exam and for other categories it's 45% minimum score..
Hope this would be helpful...
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