Is GATE important

I'm a third year student and i want to clear GATE but i don't have sufficient notes as well as i have no idea how to prepare for that exam!!!.....if i want to clear GATE what type of preparation should i under go in home itself i mean by self study?
U can get good material for ur gate preparation from Ur he by ACE academy material they will send all the material by post but u have to pay some money
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