ACET – Dates, Exam Pattern, Syllabus, Previous Year Question Paper

The Institute of Actuaries of India will conduct ACET Exam. ACET Admit card is released by the IAI. The exam is held thrice a year. Those who could not appear or qualify in ACET exam can appear by registering for the exam again. It is a computer-based test which will consist of MCQ type questions which a candidate need to complete in the given duration. Check complete details on ACET exam from this page.

ACET

The Institute of Actuaries of India conducts ACET exam as per the schedule. From the year 2012, the entrance exam has undergone many changes. Only if the ACET registration is successful you will get a confirmation call, you will receive a confirmation mail at your registered email id giving you the link to proceed further by giving other details, uploading your photograph and making payment of registration fees

ACET Eligibility

Candidates are eligible for Actuarial Common Entrance Test only if he/she fulfills ACET Eligibility Conditions:

Candidate Must have appeared 10+2 examination or an equivalent examination with English as one of the subjects at 10 + 2 level.

IAI has notified that if an examinee clears the examination and subsequently applies for membership, their membership acceptance would be subject to production of attested true copies of certificates that would be subject to independent verification.

ACET Exam Pattern

All questions in ACET question paper will be MCQ type. Each question will have one correct answer. CET is a 03 hour, 100 marks online exam which has 70 multiple choice questions with one correct answer for each question.

The Distribution of questions is among sections:

• 45 questions – 1 mark each
• 20 questions – 2 marks each
• 05 questions – 3 marks each

Marking Scheme for ACET Exam

The passing marks for ACET Examination is 50%. The allocation of marks will be done as follows-

ACET Syllabus

The Institute has provided the syllabus for ACET exam. The candidates who will be appearing for ACET must prepare for it as per the syllabus provided by the Institute at its official website. You must and must study as per it only. Do not waste your time by covering any other additional topic as the questions in the entrance exam will be prepared as per the syllabus which is given below.

ACET Syllabus – Mathematics

The topics to study under this subject are:

1.  Notation and standard functions
2. Numerical Methods
3. Algebra
4. Differentiation
5. Integration
6. Vectors
7. Matrices

ACET Syllabus – Statistics

The syllabus for the Statistics is as follows:

1. Permutations and combinations
2. Types of data – Statistical diagrams, bar chart, histogram, dot plot, stem-and-leaf, boxplot
3. Mean, median, mode
4. Measures of spread – Range, interquartile range, standard deviation, variance, Skewness
5. Probabilities – Basic rules of probabilities
6. Advanced probabilities – Tree diagrams, conditional probabilities
7. Discrete random variables – Definitions, probabilities, mean, mode, median, standard deviation, variance, coefficient of skewness
8. Continuous random variables – Definitions, probabilities, mean, mode, median, standard deviation, variance, coefficient of skewness
9. Discrete Distributions – Discrete uniform, Bernoulli, binomial, Poisson
10. Continuous distributions – Continuous uniform, exponential, the normal distribution
11. Correlation – Scatter plots, covariance, correlation coefficient
12. Regression

ACET Syllabus – English

The candidates need to study the following topics to prepare for this subject:

1. Vocabulary Based (Synonyms Antonyms)
2. English Usage or Grammar
3. Sentence Correction
4. Fill in the blanks
5. Cloze Passage
6. Analogies or Reverse Analogies
7. Jumbled Paragraph
8. Meaning-Usage Match
9. Summary Questions
10. Verbal Reasoning
11. Facts / Inferences / Judgements
12. Reading Comprehension

ACET Syllabus – Data Interpretation 

The data is given in form of tables, charts, and graphs. In this section, the candidates are tested on how you interpret the given data and answers the questions based on it.

1. Tables
2. Column Graphs
3. Bar Graphs
4. Line Charts
5. Pie Chart
6. Venn Diagrams
7. Caselets

ACET Syllabus – Logical Reasoning

The candidates need to prepare the following topics

1. Number and Letter Series
2. Calendars
3. Clocks
4. Cubes
5. Venn Diagrams
6. Binary Logic
7. Seating Arrangement
8. Logical Sequence
9. Logical Matching
10. Logical Connectives
11. Syllogism
12. Blood Relations

Books Recommended for ACET Exam Preparation

The next important step in preparing for an entrance exam is to study from the right study material. The Institute has provided a list of books which are recommended for ACET exam preparation. Hence, the candidates can refer to those only for their preparation as they suggested by the exam conducting body itself. Check the list of books for ACET exam preparation below:

Official website: actuariesindia.org.

Common Entrance Exams