Detailed Notification For Actuarial Common Entrance Test (ACET)

ACET (Actuarial Common Entrance Test) February 2020 Online Registrations will start from 5’h December 2019 at 3.00 pm and will close on 28’h January 2020 at 3.00 pm.

Institute of Actuaries of India had started conducting its Entrance Exam which is ACET from January 2012.There is a change in the structure of ACET examination with effect from 16th July 2019 would be as under:

The Structure of ACET Examinations is:

1. ACET is a 3 hour, 100 marks online exam which has 70 multiple choice questions with one correct answer for each question
2. The distribution of questions will be:
    a. 45 questions – 1 mark each
    b. 20 questions – 2 marks each
    c. 05 questions – 3 marks each
3. After successful registration, students will be able to download the sample question paper for the examination. However, the names of the reference books
are available under ACET syllabus tab for the students.
4. The Allocation of Marks will be as under:
    a. Mathematics – 30 marks
    b. Statistics – 30 marks
    c. Data Interpretation – 15 marks
    d. English – 15 marks
    e. Logical Reasoning – 10 marks
5. ACET will be conducted in 24 exam centres in India.
6. ACET will be conducted in a single day with one slot.
7. There will not be any negative marking for incorrect answers.
8. The Pass mark for ACET Examination is 50%.

IMPORTANT DATES – ACET FEBRUARY 2020

Syllabus for ACET Examination will include the following :

1) Mathematics
2) Statistics
3) English
4) Data Interpretation
5) Logic

1) Mathematics

   a) Notation and standard functions
    b) Numerical Methods
    c) Algebra
    d) Differentiation
    e) Integration
    f) Vectors
    g) Matrices

2) Statistics

a) Permutations and combinations
b) Types of data : Statistical diagrams, bar chart, histogram, dot plot, stem-and-leaf, boxplot
c) Measures of location : Mean, median, mode
d) Measures of spread : Range, interquartile range, standard deviation, variance, Skewness
e) Probabilities : Basic  rules of probabilities
f) Advanced probabilities : Tree diagrams, conditional probabilities
g) Discrete random variables : Definitions, probabilities, mean, mode, median, standard deviation, variance, coefficient of skewness
h) Continuous random variables : Definitions, probabilities, mean, mode, median, standard deviation, variance, coefficient of skewness
i) Discrete distributions : Discrete uniform, Bernoulli, binomial, Poisson
j) Continuous distributions : Continuous uniform, exponential, the normal distribution
k) Correlation : Scatter plots, covariance, correlation coefficient
l) Regression

3) English

   a) Vocabulary Based (Synonyms Antonyms)
    b) English Usage or Grammar
    c) Sentence Correction
    d) Fill in the blanks
    e) Cloze Passage
    f) Analogies or Reverse Analogies
    g) Jumbled Paragraph
    h) Meaning-Usage Match
    i) Summary Questions
    j) Verbal Reasoning
    k) Facts / Inferences / Judgements
    l) 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, parellel 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.

4) 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.
  a) Tables
    b) Column Graphs
    c) Bar Graphs
    d) Line Charts
    e) Pie Chart
    f) Venn Diagrams
    g) Caselets

Combination of two or more types linked to each other.

5) Logical Reasoning

   a) Number and Letter Series
    b) Calendars
    c) Clocks
    d) Cubes
    e) Venn Diagrams
    f) Binary Logic
    g) Seating Arrangement
    h) Logical Sequence
    i) Logical Matching
    j) Logical Connectives
    k) Syllogism
    l) Blood Relations

Reference Books for ACET Examination

1. TOMATO (Test Of Mathematics at Ten plus Two level published by ISI)
2. How to Prepare for Verbal Ability and Reading Comprehension for CAT by Arun Sharma and Meenakshi Upadhyay, Mc Graw Hill
3. How to prepare for Quantitative Aptitude for the CAT Editor: Arun Sharma
4. Quantitative Aptitude for Competitive Examinations Editor: Abhijit Guha
5. The Pearson and Guide to Verbal Ability and Logical Reasoning for the CAT Editor: Nishit K. Sinha
6. Quantitative Aptitude for MBA Entrance Examinations Editor: R.S. Aggarwal
7. High School English Grammar and Composition- Wren and Martin
8. Word Power Made Easy Editor: Norman Lewis
9. Problem Solving Strategies Editor: Arthur Engel
10. Challenge and Thrill of Pre-College Mathematics by New Age International Publishers
11. Challenging Mathematical Problems with Elementary Solutions Editors: A.M. Yaglom and I.M. Yaglom
12. An Excursion in Mathematics Editors: M. R. Modak, S. A. Katre, V. V. Acharya, V. M. Sholapurkar
13. Problem Primer for the Olympiad Editors: C R Pranesachar, B J Venkatachala, C S Yogananda
14. Trishna’s Data Interpretation and Logical Reasoning for the CAT and other MBA Entrance Examinations
15. ACTED Study Material – FAC and STATS PACK

LIST OF ACET TEST CENTRES :