ACET 2018 – Institute of Actuaries of India holds ACET 2018. The details of the ACET 2018 exam has been decided by the Institute and announced publicly. Note the key details of ACET 2018 such as important dates, application form, admit card, exam pattern, syllabus, result.
Candidates can check Important Dates related to ACET June 2018 from below.
|Beginning of registration||20 Feb 2018 at 3.00 PM|
|Last date to apply / register for ACET 2018||
15 May 2018 at 3.00 PM
|Download ACET Hall Ticket||08 Jun 2018|
|Date of exam||23 Jun 2018 (10.00 am to 1.00 pm)|
|Declaration of ACET Results||12 Jul 2018|
|Last date for student membership admission (if wants to appear for Sep 2018 exam)||31 Jul 2018|
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 2018 Eligibility
Candidates are eligible for Actuarial Common Entrance Test only if he/she fulfills ACET 2018 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 2018 Exam Pattern
All questions in ACET question paper will be MCQ type. Each question will have one correct answer. CET is a 3 hour, 100 marks online exam which has 70 multiple choice questions with one correct answer for each question. It is an online, computer based test.
Total number of questions would be 70 questions. Maximum marks you can get by answering all the questions correctly is 100 marks.
Distribution of questions is among sections:
Section-I – Mathematics, Statistics and Data Interpretation will contain 55% of weightage.
Section-II – English and Logical Reasoning will contains 45% of weightage.
- 45 questions – 1 mark each
- 20 questions – 2 marks each
- 05 questions – 3 marks each.
Actuarial Common Entrance Test Syllabus
Syllabus for the ACET exam remains constant; whether you appear for ACET 12 or ACET 13.
- Mathematics – Notation and standard functions, Numerical Methods, Algebra, Differentiation, Integration, Vectors, Matrices.
- Statistics – Permutations and combinations, Types of data (Statistical diagrams, bar chart, histogram, dot plot, stem-and-leaf, boxplot), Measures of location (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), Regression.
- English – Vocabulary Based (Synonyms Antonyms; Vocabulary questions test the candidate’s knowledge of the primary meanings of words, secondary shades of meaning, usage, idioms and phrases, antonyms, related words, etc.), English Usage or Grammar (Grammar-based questions test the candidate’s ability to spot and correct grammatical errors. It should generally tests knowledge of high school level grammar and includes areas like subject-verb agreement, use of modifiers, parellel construction, redundancy, phrasal verbs, use of articles, prepositions, etc.), Sentence Correction, Fill in the blanks, Cloze Passage, Analogies or Reverse Analogies, Jumbled Paragraph, Meaning-Usage Match, Summary Questions, Verbal Reasoning (Verbal reasoning questions are designed to test the candidate’s ability to identify relationships or patterns within groups of words or sentences.), Facts / Inferences / Judgements, Reading Comprehension.
Vocabulary: Vocabulary questions test the candidate’s knowledge of the primary meanings of words, secondary shades of meaning, usage, idioms and phrases, antonyms, related words, etc.
Grammar: Grammar-based questions test the candidate’s ability to spot and correct grammatical errors. It should generally tests knowledge of high school level grammar and includes areas like subject-verb agreement, use of modifiers, parellel construction, redundancy, phrasal verbs, use of articles, prepositions, etc.
Verbal Reasoning: Verbal reasoning questions are designed to test the candidate’s ability to identify relationships or patterns within groups of words or sentences.
- Data Interpretation – Tables, Column Graphs, Bar Graphs, Line Charts, Pie Chart, Venn Diagrams, Caselets.
- Logical Reasoning – Number and Letter Series, Calendars, Clocks, Cubes, Venn Diagrams, Binary Logic, Seating Arrangement, Logical Sequence, Logical Matching, Logical Connectives, Syllogism, Blood Relations.
Books recommended to prepare for ACET (latest list)
This list has been published by IAI on its official website.
- TOMATO (Test Of Mathematics at Ten plus Two level published by ISI)
- How to Prepare for Verbal Ability and Reading Comprehension for CAT by Arun Sharma and Meenakshi Upadhyay, Mc Graw Hill
- How to prepare for Quantitative Aptitude for the CAT Editor: Arun Sharma
- Quantitative Aptitude for Competitive Examinations Editor: Abhijit Guha
- The Pearson and Guide to Verbal Ability and Logical Reasoning for the CAT Editor: Nishit K. Sinha
- Quantitative Aptitude for MBA Entrance Examinations Editor: R.S. Aggarwal
- High School English Grammar and Composition- Wren and Martin
- Word Power Made Easy Editor: Norman Lewis
- Problem Solving Strategies Editor: Arthur Engel
- Challenge and Thrill of Pre-College Mathematics by New Age International Publishers
- Challenging Mathematical Problems with Elementary Solutions Editors: A.M. Yaglom and I.M. Yaglom
- An Excursion in Mathematics Editors: M. R. Modak, S. A. Katre, V. V. Acharya, V. M. Sholapurkar
- Problem Primer for the Olympiad Editors: C R Pranesachar, B J Venkatachala, C S Yogananda
- Trishna’s Data Interpretation and Logical Reasoning for the CAT and other MBA Entrance Examinations
- ACTED Study Material – FAC and STATS PACK.
Institute of Actuaries of India conducted the ACET 2018 in 17 cities. Mumbai, Ahmedabad, Delhi, Lucknow, Kolkata, Chandigarh, Bangalore, Bhopal, Gurgaon, Nagpur, Chennai, Kochi, Pune, Patna, Hyderabad, Guwahati, Jaipur, Indore, Nagpur, Ranchi, Kochi, Bhubhaneshwar, Dehradun, Patna, Vizag, Coimbatore, Surat, Guwahati, Raipur.
Actuaries do a lot of things; they
- assess financial impact and evaluate financial decisions.
- help individuals make better informed decisions based on likely outcomes of financial events.
- balance business vision with financial interests.
IAI is the official exam conducting body of ACET.
Official website of ACET 2018 is www.actuariesindia.org.