ACET: Actuarial Common Entrance Test

ACET: Actuarial Common Entrance Test is taken by students who plan to enroll as student member of the Institute of Actuaries of India (IAI) and wish to take actuarial examinations. The ACET is Computer Based Test (CBT) and conducted only in India. ACET result is valid for 3 years from the date of declaration of the exam result for taking student membership of IAI.

ACET Eligibility Criteria

Candidates who fulfill one of the following eligibility conditions are eligible to apply for Actuarial Common Entrance Test (ACET).

Students who have appeared 10+2 or an equivalent examination and waiting for the result.
A candidate who have passed 10+2 or any other higher courses/examinations.
Diploma.
Finance, or any other stream, but you have love for Mathematics and skills in Numeracy.
Mathematical Sciences: Maths, Statistics, Econometrics or any other.
Engineering.
Management.
Chartered Accountant, Cost Accountant or a Company Secretary.

ACET Frequency

The ACET is held two times in a year tentatively in months of June and December.

ACET Exam Pattern

It’s a 3 hour test of 100 marks. Candidates are required to answer 70 multiple choice questions with one correct answer for each question. The examination is held online only. Pass mark for ACET Examination is 50%.

The distribution of questions in the ACET will be:

(i) 45 questions – 1 mark each.

(ii) 20 questions – 2 marks each.

(iii) 05 questions – 3 marks each.

The Subject Wise Allocation of Marks will be as under:

(i) Mathematics - 30 marks.

(ii) Statistics - 30 marks.

(iii) Data Interpretation - 15 marks.

(iv) English - 15 marks.

(v) Logical Reasoning - 10 marks.

ACET Important Dates

For December Examination

ACET Registrations begin – Mid July
ACET Registrations Close – End of November
ACET Online Exam Dates – December
ACET Results – Within 10 Days from the date of exam.

For June Examination

ACET Registrations begin – Mid January
ACET Registrations Close – End of May
ACET Online Exam Dates – June
ACET Results – Within 10 Days from the date of exam.

For exact dates see EducationNews.Shiksha

ACET Exam Centers

The Actuarial Common Entrance Test (ACET) is held in following cities:

Mumbai
Delhi
Kolkata
Bangalore
Gurgaon
Chennai
Pune
Hyderabad
Jaipur
Ahmedabad
Lucknow
Chandigarh
Indore
Kochi
Coimbatore
Guwahati

ACET Syllabus

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)

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

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, parallel 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

Data is given in form of tables, charts and graphs. In this section it is tested that how can you interpret the given data and answers the questions based on it.

Tables

Column Graphs

Bar Graphs

Line Charts

Pie Chart

Venn Diagrams

Caselets

Combination of two or more types linked to each other.

Logical Reasoning

Number and Letter Series

Calendars

Clocks

Cubes

Venn Diagrams

Binary Logic

Seating Arrangement

Logical Sequence

Logical Matching

Logical Connectives

Syllogism

Blood Relations

ACET Contact Details

INSTITUTE OF ACTUARIES OF INDIA

Unit no. F-206, 2nd Floor, "F" Wing in Tower 2, Seawoods Grand Central, Plot no R-1, Sector 40, Seawoods, Near Seawoods Railway Station, Navi Mumbai - 400 706

Website: https://actuariesindia.org/