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

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

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## 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-

Mathematics | 30 Marks |

Statistics | 30 Marks |

Data Interpretation | 15 Marks |

English | 15 Marks |

Logical Reasoning | 10 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:

- Notation and standard functions
- Numerical Methods
- Algebra
- Differentiation
- Integration
- Vectors
- Matrices

**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
- Regression

**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

### D**ata 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.

- Tables
- Column Graphs
- Bar Graphs
- Line Charts
- Pie Chart
- Venn Diagrams
- Caselets

**Logical Reasoning**

The candidates need to prepare the following topics

- Number and Letter Series
- Calendars
- Clocks
- Cubes
- Venn Diagrams
- Binary Logic
- Seating Arrangement
- Logical Sequence
- Logical Matching
- Logical Connectives
- Syllogism
- 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 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 Vol. I | Vol. II 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 |

**Official website: actuariesindia.org.**