A Guide to Actuarial Common Entrance Test (ACET Exam) by IAI

acet exam, acet syllabus, acet pattern, acet books, acet india, acet actuaries, acet eligibility, acet marking

Actuarial Common Entrance Test (ACET) is conducted by the Institute of Actuaries of India (IAI). ACET Admit card is released by the IAI. The exam is held thrice times a year. ACET is a computer-based test consisting of MCQ questions that a candidate needs to complete in the given duration. Below given are the complete details for ACET exam

There is a provision to reapply again if unfortunately you don’t clear the exam.

ACET Introduction

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 act 2020

Quick Links

ACET Eligibility

The eligibility criterion for the ACET exam is that the candidate must have appeared 10+2 examination or an equivalent examination with English as one of the subjects at 10 + 2 level.

Nevertheless, it is expected that many of those who are already in education at higher levels and also those working and having qualifications in mathematical subjects would take up the examinations.

For example engineering students or professionals, chartered and cost accountants, company secretaries, management graduates, degree holders in mathematical and statistical sciences etc are expected to take this exam.

Registration fee

The registration fee for the entrance exam is Rs. 3,000 (three thousand only). You will get one Sample Question Paper, Indicative Solution and Online Exam.

The registration fee once paid is neither refundable.

ACET Exam Pattern

The question paper will have all questions of MCQ type. It is a 03 hour, 100 marks online exam consisting 70 MCQ’s with one correct answer for each question.

This is how the allocation of marks is done 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-

 Mathematics30 Marks
Statistics30 Marks
 Data Interpretation 15 Marks
English15 Marks
Logical Reasoning10 Marks

Read: How to Become an Actuary

ACET Syllabus

The Institute has given the prospectus to ACET exam. The competitors who will show up for ACET must get ready for it according to the prospectus gave by the Institute at its official site. You should and should contemplate according to it as it were. Try not to burn through your time by covering some other extra subject as the inquiries in the placement test will be set up according to the schedule which is given underneath.

Mathematics

The topics to study under this subject in Mathematics are:

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

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

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

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

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 for ACET Exam

The correct approach for getting ready for ACET is to study from the given material. The Institute has given a rundown of books which are prescribed for ACET exam. Hence, you should refer to these books which are told by the istitute. Check the rundown of books for ACET test arrangement beneath:

However, we have a few books which we found online and are helpful to our students all the way. These are pdf for some of the recommended ones. Disclaimer: All the information contained on this website has been produced based on available information and has been compiled in good faith. Some of the information on this site and the sites it links to has been provided by outside sources. 

Name of the BookName of the Author/ PublisherBuy Here
TOMATO (Test Of Mathematics at Ten plus Two level)Indian Statistical InstituteClick Here to buy
How to Prepare for Verbal Ability and Reading Comprehension for CATArun Sharma and Meenakshi Upadhyay, Mc Graw HillClick Here to buy
How to prepare for Quantitative Aptitude for the CATArun SharmaClick Here to buy
Quantitative Aptitude for Competitive ExaminationsAbhijit GuhaClick Here to buy
The Pearson and Guide to Verbal Ability and Logical Reasoning for the CATNishit K. SinhaClick Here to buy
Quantitative Aptitude for MBA Entrance ExaminationsR.S. AggarwalClick Here to buy
High School English Grammar and CompositionWren and MartinClick Here to buy
Word Power Made Easy EditorNorman LewisClick Here to buy
Problem Solving StrategiesArthur EngelClick Here to buy
Challenge and Thrill of Pre-College MathematicsNew Age International PublishersClick Here to buy
Challenging Mathematical Problems with Elementary SolutionsA.M. Yaglom and I.M. YaglomClick  Here Vol. I | Vol. II to buy
Problem Primer for the OlympiadC R Pranesachar, B J Venkatachala, C S YoganandaClick Here to buy
Trishna’s Data Interpretation and Logical Reasoning for the CAT and other MBA Entrance ExaminationsTrishna Knowledge SystemsClick Here to buy

Official website: actuariesindia.org.

The Actuarial Club
A dedicated website to provide students with the latest news about actuarial and related domains and a website to help students in solving their problems and provide recent info about trends in actuarial

Leave A Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Subscribe us for more