ACET Study Material 2020- The Actuarial Common Entrance Test (ACET) study material is the most important part for those aspiring for the upcoming session of actuarial entrance test. Preparation is a crucial stage for an exam of national level like this as conducted by the Institute of Actuaries in India (IAI). The authorities also provide free sample papers to candidates who register for the ACET exam as it mimics the type of questions expected in ACET 2020 question paper. The various parts of preparation includes understanding the exam pattern, referring the relevant ACET study material and then practising it all with the ACET question papers. Candidates are advised to thoroughly go through the ACET study material 2020 and also not to miss out on ACET books as dealt with in the article below.
The Actuarial Common Entrance Test (ACET) is conducted thrice a year in online mode as an entrance test for admission into the course of actuarial sciences. After passing the ACET exam, a person qualifies to apply for IAI membership as a student.
Actuarial sciences is a dynamic field of study and that’s the reason why the entrance examination to the course, i.e. ACET exam is also not that easy to crack. The aspirants keep searching for effective ACET study material that helps them out in thorough understanding, and thus, results in commendable scores. So here is all that aspirants need while preparing for ACET 2020.
The authorities of IAI introduced some amendments to the already prevailing examination pattern for ACET in the previous session. The most affected part after such amendments was the sectional distribution of marks in the ACET exam. Thus, candidates preparing for ACET 2020 may refer the table below for better understanding.
ACET Exam Pattern
Mode of Exam
Online
Total Duration
3 Hours
Total Number of Questions
70
Distribution of Marks
45 questions – 1 mark each
20 questions – 2 marks each
05 questions – 3 marks each
Sectional Distribution
Mathematics - 30 marks
Statistics - 30 marks
Data Interpretation - 15 marks
English - 15 marks
Logical Reasoning - 10 marks
Negative Marking
No
Passing Marks
50%
Everytime there is a new question paper set for a new session and the question asked also vary. But it is always important for candidates to refer the ACET question papers of previous sessions because sometimes, language may vary but the essence may remain the same. So given below are the links to ACET Question Papers and their corresponding indicative solutions as provided by IAI website.
Session of ACET
Question Paper Link
Solution Link
May 2016
Click Here
October 2016
April 2017
June 2017
January 2018
June 2018
December 2018
June 2019
September 2019
The official website of IAI contains a list of ACET preparation books that candidates can use to study and ace in the coming session of ACET exam. As there are various sections like English and logical reasoning are covered under the ACET, it becomes inevitable to prepare it all from a single source. Hence, here are some books that are relevant for the various sections covered under the ACET exam.
S. No.
ACET Books
Publisher/ Author
1
TOMATO (Test Of Mathematics at Ten plus Two level published)
Indian Statistical Institute (ISI)
2
ACTED Study Material - FAC and STATS PACK
Actuarial Education Company
3
How to Prepare for Verbal Ability and Reading Comprehension for CAT
Arun Sharma and Meenakshi Upadhyay, Mc Graw Hill
4
Trishna’s Data Interpretation and Logical Reasoning for the CAT and other MBA Entrance Examinations
T.I.M.E
5
How to prepare for Quantitative Aptitude for the CAT Editor
Arun Sharma
6
Problem Primer for the Olympiad Editors
C R Pranesachar, B J Venkatachala, C S Yogananda
7
Quantitative Aptitude for Competitive Examinations Editor
Abhijit Guha
8
An Excursion in Mathematics Editors
M. R. Modak, S. A. Katre, V. V. Acharya, V. M. Sholapurkar
9
The Pearson and Guide to Verbal Ability and Logical Reasoning for the CAT Editor
Nishit K. Sinha
10
Challenging Mathematical Problems with Elementary Solutions Editors
A.M. Yaglom and I.M. Yaglom
11
Quantitative Aptitude for MBA Entrance Examinations Editor
R.S. Aggarwal
12
Challenge and Thrill of Pre-College Mathematics
New Age International Publishers
13
High School English Grammar and Composition
Wren and Martin
14
Word Power Made Easy Editor
Norman Lewis
15
Problem Solving Strategies Editor
Arthur Engel
Answer:
No, IAI doesn’t provide the study material for ACET after completion of ACET registration.
It depends upon one’s level of understanding if they need some special focus on a subject like English or not.
No, there is no change introduced till now for ACET 2020 Feb session in terms of syllabus.
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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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