ACET 2020
Ridhi.Khurana, 4 days ago, #ACET

ACET 2020 - The Institute of Actuaries of India (IAI) is going to conduct the February 2020 session of Actuarial Common Entrance Test (ACET) in computer-based mode on February 29, 2020. Registrations for ACET 2020 stared on December 5, 2019 at 3 PM in online mode and candidates can register to appear in the exam till January 28, 2020. The ACET 2020 admit card will be released on February 12, 2020 in online mode to be accessed through candidate login. ACET 2020 is the qualifying exam for those wishing to pursue actuarial science. Those who crack ACET 2020 will be eligible for membership and student status in IAI for up to three years after result declaration. IAI holds this exam twice a year, for a duration of 3 hours wherein candidates need to answer 7 MCQs from mathematics, statistics, data interpretation, English and logical reasoning. The ACET 2020 candidates need to score at least 50% overall to clear ACET exam. For more information on ACET 2020 like important dates, application procedure, exam pattern, etc.

ACET 2020: At a glance

Full Name

Actuarial Common Entrance Test (ACET)

Conducting body

Institute of Actuaries of India (IAI)

Purpose of test

Qualifying test for membership in the Institute of Actuaries of India (IAI)

Exam level

National level

Frequency

Twice in a year

Mode of conduct

Computer-based test

Score or grade validity

3 years

ACET 2020 official website

http://www.actuariesindia.org/

ACET 2020 helpdesk

Ph: 022-62433333/3337

Email: acet@actuariesindia.org

ACET 2020 Exam Dates

ACET Events

February 2020 Session

September 2019 session


Availability of ACET registration form

December 5, 2019

July 16, 2019


Closing date of ACET registration form

January 28, 2020

August 30, 2019 (extended)


Release of ACET admit card

February 12, 2020

September 4, 2019


Last day to download ACET admit card

February 29, 2020

September 14, 2019


ACET (online) exam

February 29, 2020

September 14, 2019


ACET result declaration date

March 7, 2020

September 21, 2019


ACET Eligibility Criteria 2020

IAI has specified the eligibility criteria for ACET 2020. Candidates who do not fulfill the basic requirements stand the risk of losing their candidature. Thus, knowing the eligibility criteria is a must for prospective candidates as provided in the table below:

ACET 2020 Eligibility Criteria

ParticularsEligibility Requisite
Educational Qualification

Candidates should have passed 10+2 from a recognized central or state board of education in India.

Mandatory Subject

Such candidates should have studied English as one of the core subjects.

Background

Candidates of all professional backgrounds and levels of experience are eligible for ACET 2020.

ACET Registration 2020

ACET 2020 Registration commenced on December 5, 2019 and shall last till January 28, 2020. Registration of ACET 2020 is an online process so eligible candidates can read the steps below to apply for the CBT:

  1. Click here to open the official ACET registration page.

  2. Fill your basic, academic and contact details on the registration form carefully.

  3. Once the form is completed, fill the ACET 2020 registration fee online.

  4. On successful transaction, candidates will receive a confirmation mail on the registered email address.

  5. Candidates are advised to print out their completed registration form of ACET for future reference.

Registration fee: The ACET 2020 registration fee is Rs. 3000 which is inclusive of the cost of one sample paper, indicative solution and the online exam.

ACET Admit Card 2020

IAI will release the ACET admit card for February session in online mode on February 12, 2020. Candidates of ACET 2020 February session will be able to download ACET 2020 admit card from the official website. Every candidate’s important details will be mentioned on the ACET 2020 admit card. Thus, it is mandatory for candidates to report at the CBT venue with their admit card for verification purposes. Without their admit card of ACET 2020, candidates will not be permitted to enter the examination hall.

How to download ACET Admit Card?

Candidates have to follow the steps provided below for accessing the ACET admit card 2020:

  1. Visit the official wesbite of Institute of Actuaries of India at actuariesindia.org.
  2. ACET login window will open; enter your email ID and password.
  3. Link to the admit card will show, click on it.
  4. Download the ACET 2020 admit card
  5. Take 2-3 print outs on a clear paper for future reference.

ACET Exam Pattern 2020

The current exam pattern of ACET was introduced in 2016. ACET 2020 is a 3-hour exam and within the time limit, candidates need to answer 70 multiple choice questions from mathematics, statistics, data interpretation, English and logical reasoning.

ACET 2020 Exam Pattern

Exam Mode

Computer-based

Type of Questions

MCQs

Number of Questions

70

Time Limit

3 hours

Number of Sections

2

The concerned authorities have changed ACET exam structure applicable since July 16, 2019. The ACET question paper will be divided into 5 sections and there will be no negative marking in ACET 2020. The corresponding marks for the same are provided in the table below:

ACET 2020 Sectional Distribution of marks

SubjectWeightage
Mathematics
30 marks
Statistics
30 marks
Data Interpretation
15 marks
English
15 marks
Logical Reasoning
10 marks

ACET 2020: Marking Scheme

Number of Questions

Marks awarded for correct answers (There is no negative marking)

Maximum marks

5 questions

+3

15

20 questions

+2

40

45 questions

+1

45

70 questions

100

ACET Syllabus 2020

The Institute of Actuaries of India has provided a specified syllabus for ACET examination. The one prevailing at present was introduced in 2016. The topics to be covered in the exam are provided below:

  • Mathematics
  • Statistics
  • English
  • Data Interpretation
  • Logical Reasoning

ACET Exam Centres 2020

Candidates were able to select from 24 cities in India which have been selected as ACET 2020 exam centres. Thereafter, the ACET exam centres 2020 allotted according to their preferences will be mentioned on each of their admit cards.

Check the list of exam conducting cities given below:

ACET 2020 Test Centres

Code

State

Center Name/ City

1

Andhra Pradesh

Vizag

2

Assam

Guwahati

3

Bihar

Patna

4

Chandigarh

Chandigarh

5

Chhattisgarh

Raipur

6

Delhi

Delhi

7

Gujarat

Ahmedabad

8

Gujarat

Surat

9

Haryana

Gurgaon

10

Jharkhand

Ranchi

11

Karnataka

Bangalore

12

Kerala

Kochi

13

Madhya Pradesh

Indore

14

Maharashtra

Mumbai

15

Maharashtra

Nagpur

16

Maharashtra

Pune

17

Orissa

Bhubaneswar

18

Rajasthan

Jaipur

19

Tamil Nadu

Chennai

20

Tamil Nadu

Coimbatore

21

Telangana

Hyderabad

22

Uttar Pradesh

Lucknow

23

Uttarakhand

Dehradun

24

West Bengal

Kolkata

ACET Study Material 2020

Students can refer to the online study material of ACET 2020 to prepare efficiently for the exam. The ACET 2020 study material includes question papers, sample papers and reference books suggested by the Institute of Actuaries of India (IAI):

  1. ACET Sample Papers 2020- IAI has published the official ACET 2020 sample papers and candidates can obtain them by entering their login credentials. This facility will be made available only after ACET registration is complete. The indicative solution for the sample paper will also be downloadable for the registrants.

  2. ACET Question Paper 2020- Candidates can get access to the previous years’ ACET question papers online. The solutions of the different question papers is also provided by IAI.

ACET Past Years’ Question Papers

ACET Year

Question Paper

Solutions
September 2019Download here
Download here

June 2018

Download here

Download here

December 2018

Download here

Download here

June 2019

Download here

Download here


3. ACET 2020 Reference Books- IAI has a list of reference books published for the candidates’ convenience. These books are a good source of ACET study material 2020:

ACET Reference Books

Title

Author/ Publisher

How to Prepare for Verbal Ability and Reading Comprehension for CAT

Arun Sharma and Meenakshi Upadhyay, McGraw Hill

TOMATO (Test Of Mathematics at Ten plus Two level)

ISI

How to prepare for Quantitative Aptitude for the CAT

Arun Sharma

ACTED Study Material - FAC and STATS PACK

ACTED

Problem Primer for the Olympiad

C R Pranesachar, B J Venkatachala, C S Yogananda

Word Power Made Easy

Norman Lewis

The Pearson and Guide to Verbal Ability and Logical Reasoning for the CAT

Nishit K. Sinha

Challenging Mathematical Problems with Elementary Solutions

A.M. Yaglom and I.M. Yaglom

Quantitative Aptitude for MBA Entrance Examinations

R.S. Aggarwal

An Excursion in Mathematics

M. R. Modak, S. A. Katre, V. V. Acharya, V. M. Sholapurkar

High School English Grammar and Composition

Wren and Martin

Trishna’s Data Interpretation and Logical Reasoning for the CAT and other MBA Entrance Examinations

Pearson

Quantitative Aptitude for Competitive Examinations

Abhijit Guha

Challenge and Thrill of Pre-College Mathematics

New Age International Publishers

Problem Solving Strategies

Arthur Engel

ACET 2020: Preparation Tips

  1. The candidate should be well versed with the ACET pattern and types of questions which will appear in the exam.

  2. The candidate must be thorough with the ACET 2020 syllabus and topics in order to grasp the subject matter for the exam.

  3. The candidate is advised to go through many practice problems in the subject areas listed under the ACET syllabus. This can be done through the help of the reference books recommended by IAI.

  4. The candidate must practice from the ACET 2020 sample paper after registration for the test. The answer key for the questions will also be provided after registration.

ACET Answer Key 2020

The authorities will release ACET 2020 answer key for February session on the official website. IAI usually releases the answer key a few days after the declaration of ACET result on the official website. The ACET 2020 answer key helps the candidates judge their performance and calculate their probable score. The answer key also helps students identify their weaknesses and improve accordingly for future attempts.


How to download ACET 2020 Answer Key?

Candidates have to follow the steps below for accessing the answer key for ACET 2020:

  1. Visit the official website of IAI at actuariesindia.org.
  2. Scroll over ACET and click on 'Question Paper and Solutions'.
  3. There is a table that provides for question papers on the left and corresponding solutions at the right.
  4. ACET 2020 February answer key will be released a few days after the conduct of exam.

ACET Passing Criteria 2020

The passing criteria of ACET 2020 is determined by IAI which a candidate must fulfill in order to clear the CBT. The ACET passing criteria is the minimum requirement of marks for selecting eligible test takers for membership and student status with IAI. Candidates need to score at least 50% to qualify ACET 2020. There is no minimum sectional cutoff that the candidates need to score.

ACET Result 2020

The result of ACET 2020 for February session will be made available by IAI on March 7, 2020 in online mode. Candidates need their login credentials to obtain their result. The ACET 2020 result shows whether a candidate has met the passing criteria or not. Thereafter, they can know whether they are eligible for IAI student membership. Candidates are advised to download the result for future reference.

Click here to check the ACET Result 2019 for September session

Click here to check the ACET Result 2019 for June session.

How to download ACET 2020 Result?

  1. Visit the official website at www.actuariesindia.org.

  2. Enter the login page for ACET 2020.

  3. Enter the Candidate email ID and password.

  4. Click on ‘Check result’ to view the ACET 2020 result

  5. Result will appear on this page for download

  6. Take 2-3 print outs as well for registration purpose.

Frequently Asked Question (FAQs) - ACET 2020

Question: What is ACET exam?

Answer:

ACET exam stands for Actuarial Common Entrance Test which is the entrance examination for the course of Actuarial Sciences as conducted by the Institute of Actuaries of India.

Question: What is the passing marks for ACET exam?

Answer:

A candidate has to score at least 50% in the ACET 2019 for passing the exam. 

Question: Are scientific calculators allowed in ACET 2019?

Answer:

Yes, scientific calculators can be used by the candidates during the exam. The models which will be allowed in the examination hall include:

  • Casio FX82 (ES/MS) (with or without any suffix)

  • Texas Instruments BA II Plus (with or without any suffix) 

  • Sharp EL531 (with or without any prefix or suffix) 

  • Texas Instruments TI-30 (with or without any suffix) 

  • Casio FX85 (ES/MS) (with or without any suffix)

  • Hewlett Packard HP12c (with or without any suffix) 

  • Casio FX83 (ES/MS) (with or without any suffix)

Models other than these will not be allowed in the exam hall.

Question: Is maths compulsory for ACET exam?

Answer:

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: Can the registration fee be paid via offline modes?

Answer:

No, the registration fee can only be paid through the online mode of transaction.

Question: Will stationery be provided at the exam centre?

Answer:

Candidates need to carry their own pens for rough work as these will not be provided by the conducting body. No other stationary item will be permitted inside the examination hall.

Question: Can the test center and test time be selected by the candidate?

Answer:

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 2019 will be held in a single time slot across the country.

Question: Can a candidate attempt the exam more than once?

Answer:

Yes, the ACET can be attempted more than once by a candidate by re-registering for the exam.

Question: Is there a paper-based exam for ACET?

Answer:

No, ACET is only offered as a computer-based test.

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When will the next acet exam (subsequent to the September 2019) be conducted?

Ridhi Khurana 6th Dec, 2019

Hey

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

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