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

Nov 17 2020 by Umang Parti

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

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

    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
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    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.