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.
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|
|Date of exam||23 Jun 2018 (10:00 AM to 1:00 PM)||15 Dec 2018 (10:00 AM to 1:00 PM)|
|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
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.
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:
- Notation and standard functions
- Numerical Methods
ACET Syllabus – Statistics
The syllabus for the Statistics is as follows:
- Permutations and combinations
- Types of data – Statistical diagrams, bar chart, histogram, dot plot, stem-and-leaf, boxplot
- Mean, median, mode
- Measures of spread – Range, interquartile range, standard deviation, variance, Skewness
- Probabilities – Basic rules of probabilities
- Advanced probabilities – Tree diagrams, conditional probabilities
- Discrete random variables – Definitions, probabilities, mean, mode, median, standard deviation, variance, coefficient of skewness
- Continuous random variables – Definitions, probabilities, mean, mode, median, standard deviation, variance, coefficient of skewness
- Discrete Distributions – Discrete uniform, Bernoulli, binomial, Poisson
- Continuous distributions – Continuous uniform, exponential, the normal distribution
- Correlation – Scatter plots, covariance, correlation coefficient
ACET Syllabus – English
The candidates need to study the following topics to prepare for this subject:
- Vocabulary Based (Synonyms Antonyms)
- English Usage or Grammar
- Sentence Correction
- Fill in the blanks
- Cloze Passage
- Analogies or Reverse Analogies
- Jumbled Paragraph
- Meaning-Usage Match
- Summary Questions
- Verbal Reasoning
- Facts / Inferences / Judgements
- 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.
- Column Graphs
- Bar Graphs
- Line Charts
- Pie Chart
- Venn Diagrams
ACET Syllabus – Logical Reasoning
The candidates need to prepare the following topics
- Number and Letter Series
- Venn Diagrams
- Binary Logic
- Seating Arrangement
- Logical Sequence
- Logical Matching
- Logical Connectives
- 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|
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.