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If you are planning to pursue an MBA in India, you have to appear for an entrance exam like CAT XAT MAT or CMAT depending on the institute you want to apply for. These exams are generally held in November-December every year for admission to MBA programs starting the following year. In terms of taking the exam in either February or May, it depends on which entrance exam you are planning to take. For instance, CMAT is usually conducted in January, whereas MAT is conducted in February, May, September, and December. XAT is usually held in January, and CAT is held in November-December. You should check the specific dates for the entrance exam you are interested in and plan accordingly. However, keep in mind that the application process for these exams usually starts a few months before the exam date, so you should start preparing and applying in advance. Additionally, it's important to check the application deadlines and eligibility criteria for the MBA programs you are interested in, as they may vary from institute to institute. Please upvote if it was helpful.