ACET Exam (Actuarial Science): Eligibility | Dates | Syllabus | FAQs

ACET Exam: The Institute of Actuaries of India conducts Actuarial Common Entrance Test or ACET Exam thrice a year. ACET Admit card is released by the IAI. Those who could not appear or qualify in ACET exam can re-appear by registering for the exam again. It is a computer-based test which will consist of MCQ type questions. Candidate needs to attempt all questions within the given timeframe of 3 hours. After clearing this exam, a candidate can apply for membership in IAI and hence becomes qualified to give core actuarial exams according to the curriculum.

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ACET Exam: Eligibility

• Candidates must have completed their class 12^th board examination
• Candidates must have English as their main subject in class 12^th.

REGISTRATION PROCESS

• Step 1 – Go to IAI website and signup
• Step 2 – Fill up the online registration form and make the payment online. Make sure all the details are correct.
• Step 3 – On successful completion of payment, you will receive an e-mail at your registered e-mail address confirming your registration and successful payment.
• Step 4 – Kindly take a printout of your ACET Online Registration Form.
• Step 5 – Take a printout of your admit card and give the exam.

ACET Important Dates

ACET FEBRUARY:

• Registration starts- first week of December
• Registration closes- first week of February
• Date of exam- February end
• Date of the result- second week of March
• Last date to take membership(for appearing in June)- mid-April

ACET JUNE:

• Registration starts- mid-February
• Registration closes- mid-May
• Date of exam- mid-June
• Date of the result- second week of July
• Last date to take membership- end August

ACET SEPTEMBER:

• Registration starts- mid-July
• Registration closes- mid-August
• Date of exam- mid-September
• Date of the result- end of September
• Last date to take membership- end December

ACET Exam Pattern

• Duration of the exam is 180 minutes (3 hours)
• It is a computer-based online exam
• There is no negative marking for wrong answers.
• There are a total of 70 questions in the examination
• 45 questions- 1 mark each
• 20 questions- 2 marks each
• 5 questions- 3 marks each

REGISTRATION FEE

The registration fee for ACET Examination is Rs.3,000/-

ACET Syllabus

There are five sections in the ACET exam:-

• MATHEMATICS (30 Marks)- notation and standard functions, numerical methods, algebra, differentiation, integration, vectors and matrixes
• STATISTICS (30 Marks)- permutation and combination, types of data, measures of spread, measures of dispersion, probabilities, discrete random variables, continuous random variables, correlation, regression, discrete distributions and continuous distributions
• DATA INTERPRETATION (15 Marks)- tables, column graphs, bar graphs, line graphs, pie charts and Venn diagrams.
• ENGLISH (15 Marks)- vocabulary, errors, sentence correction, fill  in the blanks, jumbled paragraphs, verbal reasoning, facts, judgments, reading comprehension and summary questions
• LOGICAL REASONING (10 Marks)- number and letter series, clocks, calendars, cubes, logical sequence, logical connections and blood relations.

BOOKS RECOMMENDED

• Tomato By Indian Statistical Institute
• How To Prepare For Verbal Ability For Cat By Arun Sharma
• How To Prepare For Quantitative Aptitude By Arun Sharma
• Quantitative Aptitude For Competitive Exams By Abhijit Guha
• Quantitative Aptitude For MBA Exam By RS Aggarwal
• The Pearson And Guide To Verbal Ability And Logical Reasoning For CAT By Nishit K Sinha
• High School English Grammar And Composition By Wren And Martin

ACET Exam: Frequently Asked Questions (FAQs)

• Is there a reservation provided to candidates according to their caste?

No, ACET exam does not reserve any seats for people belonging to backward classes.

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• Does a student require a coaching for preparation for ACET exam?

No, a student usually doesn’t require any coaching for its preparation. It is preferred for a student to give this exam without any help from coaching as this is just an entrance and checks the child’s ability to pursue actuarial science.

• What are the passing marks for ACET?

The passing marks are 50%.

• Is the exam conducted in offline mode also?

No, the exam is only conducted in online mode on the centre allotted.