The Institute of Actuaries of India will conduct ACET Exam. ACET Admit card is released by the IAI. The exam is held two times 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 2019

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.

ACET Exam Dates: The candidates who will be appearing for the ACET exam can check the complete schedule from the table below.

Date for June Date for December
ACET 2018
Date of exam 23 Jun 2018 (10:00 AM to 1:00 PM) 15 Dec 2018 (10:00 AM to 1:00 PM)
 ACET 2019
Date of exam 3rd Week of Jun 2019 3rd Week of Dec 2019

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 test will be divided into two section –

Section-I – Mathematics, Statistics, and Data Interpretation will contain 55% of weightage.

Section-II – English and Logical Reasoning will contain 45% of weightage.

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

Those who will be appearing tor the ACET exam must be well-familiarised with the exam pattern and its marking scheme. To avoid any surprises during the exam you should know whether there is a negative marking or not.

As per the information provided on the Institute’s official website, yes, there would be negative marking for incorrect answers. For an incorrect answer, half of the weight age of marks will be deducted. For example – for an incorrect answer to a 1 mark question 0.5 mark will be deducted and for an incorrect answer to the 2 marks question 1 mark will be deducted and likewise, for an incorrect answer to the 3 marks question 1.5 marks will be deducted.

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:

Name of the Book Name of the Author/ Publisher Buy Here
TOMATO (Test Of Mathematics at Ten plus Two level) Indian Statistical Institute Click Here to buy
How to Prepare for Verbal Ability and Reading Comprehension for CAT Arun Sharma and Meenakshi Upadhyay, Mc Graw Hill Click Here to buy
How to prepare for Quantitative Aptitude for the CAT Arun Sharma Click Here to buy
Quantitative Aptitude for Competitive Examinations Abhijit Guha Click Here to buy
The Pearson and Guide to Verbal Ability and Logical Reasoning for the CAT Nishit K. Sinha Click Here to buy
Quantitative Aptitude for MBA Entrance Examinations R.S. Aggarwal Click Here to buy
High School English Grammar and Composition Wren and Martin Click Here to buy
Word Power Made Easy Editor Norman Lewis Click Here to buy
Problem Solving Strategies Arthur Engel Click Here to buy
Challenge and Thrill of Pre-College Mathematics New Age International Publishers Click Here to buy
Challenging Mathematical Problems with Elementary Solutions A.M. Yaglom and I.M. Yaglom Click Here to buy
Problem Primer for the Olympiad C R Pranesachar, B J Venkatachala, C S Yogananda Click Here to buy
Trishna’s Data Interpretation and Logical Reasoning for the CAT and other MBA Entrance Examinations Trishna Knowledge Systems Click Here to buy

ACET Exam Cities

The Institute is going to conduct the ACET 16 December exam in 24 test cities. The candidates had to choose the test city at the time of registering for the exam. Check the list of exam centers available for ACET from below.

Code Centre Name Code Centre Name
1 Mumbai 13 Indore
2 Delhi 14 Nagpur
3 Kolkata 15 Ranchi
4 Bangalore 16 Kochi
5 Gurgaon 17 Bhubhaneshwar
6 Chennai 18 Dehradun
7 Pune 19 Patna
8 Hyderabad 20 Vizag
9 Jaipur 21 Coimbatore
10 Ahmedabad 22 Surat
11 Lucknow 23 Guwahati
12 Chandigarh 24 Raipur

ACET Previous Year Question Papers and Solutions

The Institute also provides previous year question paper and solution of the ACET exam. It is advised to the candidates to solve previous year question papers as much as they can. This will help them to analyze their performance and what are their weak & strong areas. The candidates can download the ACET exam previous year question paper and solution from the table below.

ACET exam year Question Paper Solution
May 2016 Click Here to download Click Here to download
October 2016 Click Here to download Click Here to download
April 2017 Click Here to download Click Here to download
June 2017 Click Here to download Click Here to download
January 2018 Click Here to download Click Here to download
June 2018 Click Here to download Click Here to download

Official website: www.actuariesindia.org.

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