ACET 2020 (Postponed) - Dates, Qualified Member can directly Apply for Admission, Eligibility, Result
ACET 2020 - The Institute of Actuaries of India has postponed ACET 2020 May session due to the COVID-19 outbreak and the consequent lockdown. The exam will now be conducted on June 27, 2020. ACET 2020 registration date has also been postponed to May 29. The Actuarial Common Entrance Test (ACET) is conducted thrice a year by the Institute of Actuaries of India (IAI) for candidates interested in pursuing the course of actuarial sciences. Successfully registered candidates will be able to download their admit cards from June 15 tentatively and the ACET result will be announced in the first week of July 2020. Earlier, ACET 2020 result for the February session was declared on March 7, 2020. There are 5 sections for ACET exam, majorly mathematics and statistics, which have to be prepared for the exam. Candidates still planning to pursue actuarial sciences may refer the complete article below which contains all the aspects related with ACET 2020 including eligibility, exam pattern, marking scheme, etc.
Latest: ACET 2020 Registration extended till May 29. Apply online!
What is ACET?
ACET stands for Actuarial Common Entrance Test which is the entrance examination for the course of actuarial sciences. Candidates who qualify ACET become eligible to apply for student membership of IAI and pursue the course. It's a must to pass the ACET exam with at least 50% marks in order to pursue the course of actuarial sciences under IAI.
ACET 2020 Overview
Common Name of the Exam
Actuarial Common Entrance Test
The Institute of Actuaries of India
Entrance exam for the course of Actuarial Sciences
Thrice a Year
Mode of Conduct
Online computer based test
May/ June 2020
ACET 2020 Dates
|ACET registration begins (May 2020 session)||March 13, 2020|
Last date to register for May/ June session
May 29, 2020 (3:00 pm)
Availability of ACET admit card
June 15, 2020 (tentative)
ACET Exam 2020
June 27, 2020
Declaration of ACET result
First week of July 2020
The Institute started registration for ACET May 2020 session on March 13 in online mode. The last date for ACET 2020 registration is May 29, 2020. Candidates have to provide certain details during the process of registration which includes personal as well as academic details. The last step of ACET registration is payment of fee. Check the ACET 2020 registration fee details below.
ACET Application Fee
Candidates who are interested in pursuing actuarial sciences have to first appear for ACET exam, for which, they have to pay Rs 3,000 as registration fee. The same can only be paid in online mode that includes net banking, debit card and credit card payments, etc. Candidates may note that the above-mentioned amount includes the cost of a sample paper and it’s indicative solution as well.
ACET 2020 Eligibility Criteria
The concerned authorities of IAI have provided the eligibility criterion for actuarial entrance that has to be complied with by candidates in order to apply for membership and pursue the course after having cracked the ACET 2020 exam. The table below provides for who is eligible to appear in ACET May 2020:
ACET Eligibility Criteria
A candidate who has appeared in class 10+2 or other equivalent examination
Candidates should have English as one of the core subjects at 10+2 level
Candidates into higher education with Mathematical or Statistical Sciences
NEW: Fully qualified members from the Institute of Cost Accountants of India can now directly apply for Admissions without appearing for the ACET entrance examination.
Candidates who qualify the ACET 2020 are deemed eligible to apply for IAI student membership. But it may be noted that such students will be able to pursue further only if they produce attested copies of valid documents, which will also be subject to verification.
The authorities are likely to release ACET admit cards for May 2020 session on June 15. Candidates must download the admit cards, taken its printout and carry it to the exam centre on the day of exam, i.e. June 27, 2020. The ACET admit card will be made available online on the official website of IAI only, so, given below are the steps to download the same.
How to download ACET Admit Card 2020?
Candidates have to follow a series of steps as mentioned below for downloading the ACET Admit Card:
Visit the official website of ACET at actuariesindia.org.
Now click on ACET leads to the page of Actuarial Common Entrance Test.
Now hit on ‘Click here’ for already registered students of ACET.
Enter your email ID and password and then sign in.
Now click to download ACET May 2020 Admit Card
There are fixed examination centres for actuarial entrance, where the ACET 2020 is conducted in online mode. The ACET exam is conducted in 24 cities across India and those candidates who wish to appear from overseas have to make requests separately in this regard. The ACET exam centre is allotted to candidates as per the options selected at the time of ACET registration. The same reflects in the individual ACET admit cards of the candidates.
ACET Exam Pattern 2020
The authorities of IAI have announced the exam pattern for ACET May 2020, which will be conducted in online mode on the stipulated date of exam. The exam is conducted in one sitting for 3 hours wherein, candidates are asked 70 questions with different weightage. Since July 2019, IAI has ended the provision of negative marking for ACET exam. The table below deals with ACET 2020 exam pattern in a detailed manner.
ACET Exam Pattern
ACET Exam Pattern
Mode of Exam
Number of Questions Asked
Duration of Exam
Distribution of Marks
1 Mark- 45 Questions
2 Marks- 20 Questions
3 Marks- 5 Questions
Marking Scheme for ACET 2020
The officials have provided the marking scheme for ACET in a clear manner for candidates of upcoming session. As there are questions with 3 types of weightage, candiates have to prepare and then attempt the ACET 2020 exam accordingly. Refer the table below for ACET 2020 marking scheme:
ACET Marking Scheme
Number of Questions
Marks awarded for correct answers (There is no negative marking)
There are five subjects to be covered for ACET 2020, wherein candidates have to deal with
Data Interpretation, and
The authorities have provided with the topics to be prepared under all these 5 heads which hold different weightage accordingly. Maximum weightage is held by Mathematics, while the section of Logical Reasoning holds the least of 10 marks.
Candidates who are planning to appear for ACET 2020 have to prepare for the exam with the help of relevant study material for ACET exam. It can be previous year/ session’s question papers, books, etc. that can help the prospective candidates. It may be noted that the ACET 2020 registered candidates will be provided with sample paper and it’s corresponding solution by the officials. This also helps candidates understand the exam pattern and the kind of questions expected in the upcoming session of ACET May 2020.
The authorities have fixed ACET 2020 passing marks to be 50 out of maximum 100 marks. One has to prepare with all the dedication as it is not that easy to crack ACET exam. Since July 2019, there is a point of relief brought in for candidates by removing the provision of negative marking. Thus, effective planning for ACET 2020 can lead to a candidate cracking the entrance exam in first attempt.
The result of ACET 2020 (May session) is expected to be declared in the first week of July. Candidates are required to login using their email ID and password which will lead to the result. The result is also shared in the form of a merit list that contains names of candidates who qualify the ACET 2020 exam.
Steps to download ACET 2020 result are provided below:
Visit the official website at www.actuariesindia.org.
Enter the login page for ACET 2020.
Enter the Candidate email ID and password.
Click on ‘Check result’ to view the ACET 2020 result
Result will appear on this page for download
Take 2-3 print outs as well for registration purpose.
Process after ACET 2020 Result
After declaration of ACET May result, some of the candidates will qualify the exam, while some others will face failure as well. Those who pass ACET exam 2020 have to proceed with applying to IAI for student membership, which marks the start of course of actuarial sciences. As IAI conducts the ACET exam thrice a year, candidates who do not pass have plenty of chances to strategize for the exam and perform well in the session that follows.
Frequently Asked Question (FAQs) - ACET 2020 (Postponed) - Dates, Qualified Member can directly Apply for Admission, Eligibility, Result
Question: What is ACET?
ACET stands for Actuarial Common Entrance Test and is taken by candidates aspiring for admission into course of actuarial sciences.
Question: Who is eligible for ACET exam?
A candidate who has passed class 12 examination with English as one of the core subjects is eligible to apply for ACET exam.
Question: Is the ACET exam objective or subjective one?
ACET 2020 exam is objective where every question contains 4 options, 1 out of which is correct.
Question: Is maths compulsory for ACET exam?
No. English is a mandatory subject but there is no compulsion for mathematics. But, it is expected that candidates with maths background will apply for actuarial programme.
Question: What are the minimum passing marks for ACET 2020?
The Institute of Actuaries of India has set 50% marks as the minimum eligibility for ACET.
Question: Is the ACET exam conducted online?
Yes, the actuarial entrance exam is a computer based test with multiple objective questions.
Question: Can the test center and test time be selected by the candidate?
Candidates can select their preferred city for the ACET test centre during the registration process. However, there is no option for time selection as ACET 2020 will be held in a single time slot across the country.
Question: Can a candidate attempt the exam more than once?
Yes, the ACET can be attempted more than once by a candidate by re-registering for the exam.
Questions related to ACET
is binomial theorem in syllabus of Acet?
Yes binomial theorem is in the syllabus for ACET exam. In mathematics in discrete distributions you have binomial theorem. The admit card for February session will be available from February 15th. Please click the below link for the syllabus.
Can you suggest online study material for ACET eXAM
Are your asking about Actuarial Common Entrance Test as the tag says different. You can go through the link below where you can get previous few years exam papers and solution link. But I will suggest you to solve the papers by your own.
The Institute of Actuaries of India website has a lot of reference books that can be used.
what type of questions are asked in the adypu acet entrance exam? show some sample pattern paper
You can ollow these two which i have provided to go through all the details about the exam.
How is AEC when compared to ACET and ACOE?
Hello aspirant, if you meant the codes were engineering colleges of aditya group in Andhra pradesh, I prefer AEC as it is autonomous college and it has higher standards than all the other colleges, the order is ACET and finally ACOE. The infrastcture is same for all these colleges, but the faculty change for the 3 colleges, you must always opt for the best one -AEC.
When will the next acet exam (subsequent to the September 2019) be conducted?
The Institute of Actuaries of India (IAI) has announced the schedule for February session of ACET 2020. Registrations for the same started on December 5 (3 P.M.) and the last date to register is January 28, 2020. The ACET exam fro February 2020 session will be conducted on February 29 and admit cards for the same will be released on February 12, 2020.
To know more about the registration process, visit the ACET Registration page