ACET 2023 Dec session registration will begin on Jul 12, 2023, by the Institute of Actuaries of India (IAI). Interested candidates can enroll for ACET Dec session exam by Nov 23, 2023. ACET exam is scheduled on Dec 23, 2023, from 10 AM to 1 PM. ACET result 2023 will be published on Jan 3, 2023.
|ACET Eligibility Criteria 2023||ACET Exam Pattern 2023|
Candidates aspiring to become an actuary and work in the finance sector can apply for the ACET 2023 exam The full form is Actuarial Common Entrance Test. This test is conducted by the Institute of Actuaries of India (IAI) twice every year. Keep reading to know more about ACET 2023 exam.
Table of Contents
- ACET 2023 Application Form
- About ACET Exam
- ACET 2023 Exam Date
- ACET 2023 Eligibility
- ACET 2023 Admit Card
- ACET 2023 Exam Centres
- ACET 2023 Exam Pattern
- ACET Paper Analysis 2023
- ACET Answer Key 2023
- ACET 2023 Results
- ACET 2023 Cut Off
- ACET 2023 Counselling
- ACET 2023 Syllabus
- ACET 2023 Reference Books
- ACET Contact Details
ACET 2023 Application Form
ACET 2023 registration process will begin for Dec session on the official website on Jul 12, 2023. The last date to register and submit the application form is Nov 23, 2023, till 4 PM. The application form will be available online, and there is no other mode of application for the examination. The admit cards for the exam will only be issued to those candidates who register before the last date.
Candidates must upload scanned images of photographs & signatures while filling out the application form. Candidates also must fill in all the details carefully in the application form and submit it on time. They must take the printout of the ACET application form for future use. ACET 2023 application process for the Mar session was held on the official website till Feb 22, 2023.
Candidates can sign-up on the official website. Fill up the online registration form and make a payment. After getting a confirmation mail through the registered email ID, students can use ACET login to download admit cards and further admission processes.
ACET 2023 Application Fee
ACET application fee can be paid online using credit card/debit card/net banking. The fee payment for all categories is INR 3000, including sample question paper, Indicative solution and online exam.
ACET 2023 Application Important Notes
The important points the applicants must keep in mind at the time of ACET application process are below.
- ACET candidates will receive a confirmation mail if the photo uploaded is correct or not. If the photo is not correct, they will be required to re-upload a new photo.
- After successful registration, the applicants will receive a kit of sample paper and other exam preparation materials.
- Confirmation of ACET registration and fee payment is also sent via mail. If the mail is not received in time, the applicants must contact ACET authorities immediately.
- The applicants are advised not to register for ACET using a mobile phone and use a laptop or desktop only.
Read More: ACET 2023 Application Form
About ACET Exam
It is a university-level examination that is conducted two times every year. Institutes of Actuaries of India (IAI) is the leading Actuarial Common Entrance Test (ACET) specialist. Through ACET 2023 test, the applicants can become a student of the IAI (Institute of Actuaries of India). At IAI, as the students take one test after another, they get the right training that makes them full-fledged Actuaries. The work of an Actuary is risk management in Real Business Problems in Finance.
Change in the Structure of the ACET Exam: Institute of Actuaries of India (IAI) has been conducting the ACET exams since 2012. There has been a change in the structure of the ACET exam since May 2016. So students are advised to go through the ACET exam structure carefully.
ACET 2023 Conducting Authority: This test is conducted by the Institute of Actuaries of India (IAI) twice every year. IAI aims to promote knowledge and research in all the matters relevant to Actuarial Science and promote the status of the Actuarial Profession.
Allowed Calculators in ACET 2023: Scientific calculators are allowed in ACET 2023 exam. Calculators that are allowed in the exam are given below.
- Casio FX82 (ES/MS) (with or without any suffix)
- Casio FX83 (ES/MS) (with or without any suffix)
- Casio FX85 (ES/MS) (with or without any suffix)
- Sharp EL531 (with or without any prefix or suffix)
- Texas Instruments BA II Plus (with or without any suffix)
- Texas Instruments TI-30 (with or without any suffix)
- Hewlett Packard HP12c (with or without any suffix)
No other calculator model is allowed in the exam. From this list, Casio FX82 (ES/MS), Texas Instruments BA II Plus, and Texas Instruments TI-30 are available in India.
ACET 2023 Exam Frequency: The test is conducted twice a year.
ACET Results Validity: ACET exam 2023 results are valid for three years. Students can register for student membership within three years.
ACET exam is conducted every year. It is a computer-based test and is held online. Candidates who want to be an Actuary and a member of IAI have to appear for the ACET exam. Candidates who fit the eligibility criteria for the ACET exam are allowed to appear for the exam. They can visit ACET official website and apply for the ACET exam. Interested candidates can find more information about the ACET exam below.
ACET 2023 Exam Highlights
The important details regarding ACET 2023 are tabulated below.
|Full Form||Actuarial Common Entrance Test|
|Exam Level||National Level|
|Conducting Body||Institute of Actuaries of India (IAI)|
|Exam Mode||Online, i.e., Computer Based Test (CBT)|
|Exam Duration||3 Hours|
|ACET Helpline||[email protected]|
ACET 2023 Exam Date
ACET 2023 exam dates for Jun session exam have been announced. As per the schedule, the exam was conducted on Jun 24, 2023. ACET exam results has been declared on Jul 5, 2023.
ACET exam is conducted in multiple sessions in a year. ACET 2023 mock test details will be released on the official website. ACET 2023 exam dates are mentioned in the tabular for the candidate's reference.
Dec Session Dates
|Jun Session Dates||Mar Session Dates|
|ACET Registration Start Date||Jul 12, 2023||Apr 5, 2023||Sep 3, 2022|
|Last Date for ACET Registration||Nov 23, 2023||May 24, 2023||Feb 22, 2023|
|Admit Card Date||Nov 2023||Jul 3, 2023||Feb 28, 2023|
|ACET 2023 Mock Test Details||Dec 2023||Jun 2023||Mar 2023|
|ACET 2023 Mock Examination||Dec 2023||Jun 2023||Mar 2023|
|ACET 2023 Exam Date||Dec 23, 2023||Jun 24, 2023||Mar 18, 2023|
|Results Date||Jan 3, 2024||Jul 5, 2023||Mar 29, 2023|
Read More: ACET 2023 Exam Dates
ACET 2023 Eligibility
Applicants must have passed the 10+2 examination or an equivalent examination with English as one of the 10 + 2 level subjects. Those who are working or have required qualifications in Mathematical subjects can take up the exam.
English is a mandatory subject in 12th. Only the candidates who studied English are eligible. The students who studied Mathematics in their undergraduate, post-graduation, Engineering, Management, CA, and CS are also eligible to appear in the examination. Know more about ACET 2023 Eligibility.
Read More: ACET 2023 Eligibility
ACET 2023 Admit Card
ACET 2023 admit card for the Jun session exam was released on the official website on Jun 3, 2023. The students who complete the registration form with the fee payment can download ACET admit card by logging in using their email ID and password.
ACET 2023 admit cards for the Mar session exam were released on Feb 28, 2023. Candidates who have filled out the application form and paid the specified fee can download their admit card/ hall ticket from the official website. The candidate must retain a copy for future reference.
The admit card provided by officials is very useful for getting the admission procedures finished as it has details including the aspirant’s name, photograph, exam date, center, etc. Aspirants must have the admit card with them until they are done with the exam. Those who do not have the hall ticket or call letter will be dismissed from the exam. Aspirants can access admit cards by producing the required details.
ACET Login - Forgot Password
If the applicant forgot their password, they should click on the 'Forgot Password' link on the login page. The applicant will then be asked to enter the registered email ID. After entering the registered email ID, a link to reset the password will be sent to the particular email ID. They can reset the password and log in to download ACET 2023 hall ticket.
Read More: ACET 2023 Admit Card
ACET 2023 Exam Centres
The Institute of Actuaries of India (IAI) conducts the Actuarial Common Entrance Test biannually at over 50 different exam centres. The applicants can appear for the test in different centres across 24 cities in India, including all of the major metropolitan areas and other educational hubs. Candidates could select their preferred test centre and city at the time of registration. A change in any exam centres or the city is not permitted once it is specified in the admit card.
Documents Required at ACET Exam Centre
The documents that the applicants must carry to the exam hall are given below. In case anyone fails to carry these documents, they will not be allowed to write the exam.
- Admit Card/ Hall ticket
- Identity Proof
- Passport size photographs.
Read More: ACET 2023 Exam Centres
ACET 2023 Exam Pattern
The aspirants will have the exam for 3 hours. The exam is for 100 marks which are divided into 70 questions. The exam will consist of two parts – part 1 and part 2. Part 1 includes the subjects like Mathematics, Statistics and Data Interpretation for 55% of the scores, and part 2 includes English and Logical Reasoning for 45% of the scores.
The exam pattern is the most important part that candidates need to know before starting their preparation to prepare accordingly.
Questions Type: ACET exam consists of objective type, i.e., multiple-choice questions (MCQs).
Exam Mode: ACET examination is conducted online as a computer-based exam.
Duration: The duration of the exam is 3 hours.
Sections: There are two sections for ACET 2023.
Marking Scheme: Each correct answer carries a different mark for different sections.
|No. of Questions||Marks|
|45 Questions||1 Mark Each|
|20 Questions||2 Marks Each|
|5 Questions||3 Marks Each|
Negative Marking: For 1 mark question, 0.5 marks will be deducted, for 2 marks question, 1 mark will be deducted and for 3 marks question, 1.5 marks will be deducted for incorrect answers.
|No. of Questions||Marking (for Correct Answer)||Negative Marking|
Read More: ACET 2023 Exam Pattern
ACET 2023 Syllabus
The candidates who appear for this exam must prepare according to the syllabus given by the institute. Students need not study anything extra other than this syllabus as the questions will come as per the syllabus only. ACET 2023 syllabus will include the following subjects.
- Data Interpretation
- Logic-based questions
ACET Mathematics Syllabus
The important topics to be covered for ACET exam in the Mathematics syllabus are as listed below.
- Notation and Standard Functions
- Numerical Methods
ACET Statistics Syllabus
ACET Statistics syllabus includes topics like Regression, Permutation and Combination and so on. Tabulated below are the other important topics and contents.
|Types of Data||
|Measures of Location||
|Measures of Spread||
|Discrete Random Variables||
Basic Rules of Probabilities
|Continuous Random Variables||
ACET English Syllabus
The following topics consolidate as ACET English syllabus.
- Analogies or Reverse Analogies
- Cloze Passage
- English Usage or Grammar
- Facts/ Inferences/ Judgements
- Fill in the Blanks
- Jumbled Paragraph
- Meaning-Usage Match
- Reading Comprehension
- Sentence Correction
- Summary Questions
- Verbal Reasoning
- Vocabulary Based (Synonyms Antonyms).
ACET Data Interpretation Syllabus
Mentioned below is the list of topics from which ACET Data Interpretation section questions are asked.
- Bar Graphs
- Column Graphs
- Line Charts
- Pie Chart
- Venn Diagrams
ACET Logical Reasoning Syllabus
Mentioned below is the syllabus of ACET Logical Reasoning section.
- Binary Logic
- Logical Connectives
- Logical Matching
- Logical Sequence
- Number and Letter Series
- Seating Arrangement
- Venn Diagrams
Read More: ACET 2023 syllabus
ACET 2023 Reference Books
The students can find a lot of great ACET study material online apart from the study materials provided by the conducting body. The following books are available on almost every shopping website, and these are easily available in common bookstores.
|Title of the Reference Book||Publication/ Author|
|Challenging Mathematical Problems with Elementary Solutions||A.M. Yaglom & I.M. Yaglom|
|High School English Grammar & Composition||Wren & Martin|
|How to Prepare for VARC for CAT||Arun Sharma and Meenakshi Upadhyay|
|Problem Solving Strategies||Arthur Engel|
|Quantitative Aptitude for Competitive Exams||Abhijit Guha|
|Test of Mathematics at Ten Plus Two Level (TOMATO)||Indian Statistical Institute (ISI)|
|Word Power Made Easy||Normal Lewis|
How to Prepare for ACET?
The candidate should be well-versed in ACET exam pattern and the types of questions in the exam. The students must be thorough with ACET 2023 syllabus and topics to grasp the subject matter for the exam.
The candidate is advised to go through many practice problems in the subject areas listed under the ACET syllabus. This can be done with the help of the reference books recommended by IAI. The candidate must practice from ACET 2023 sample paper given after registration for the test. The answer key for the questions will also be provided after registration.
Read More: ACET Books
ACET Paper Analysis 2023
The ACET 2023 exam was held on June 24, 2023, by the Institute of Actuaries of India. As a result, individuals who are interested in taking the exam should review the ACET 2023 question paper analysis.
According to the ACET June 2023 question paper analysis, students should remember that the exam was held today from 10 am to 1 pm. Only those who registered within the specified time frame received an admit card. Furthermore, only students with a hard copy of their hall ticket could enter the examination hall.
ACET Answer Key 2023
The ACET answer key was made available online the day following the exam. Candidates can utilise their ACET 2023 answer key to assess their likely exam scores. Students will also be able to object to the ACET 2023 answer key. After accepting all valid objections, the final ACET answer key will be provided with the result.
Key Points for ACET 2023 Answers
- Regarding the ACET answer key, students should remember the following points.
- The ACET answer key will be available before the exam results are announced.
- The answer key will assist candidates in predicting their likely score before the announcement of the results.
- The final answer keys and the ACET result 2023 will be announced.
ACET 2023 Result
ACET 2023 Jun session exam was conducted on Jun 24, 2023, and the results for the same was declared on Jul 5, 2023, on the official website at actuariesindia.org. Candidates who have appeared for the examination can access their scorecards on the examination portal without any login credentials.
The candidate who successfully qualifies for the entrance test gets admission to various undergraduate Management/ diploma programs offered by the institution.
ACET 2023 Result Merit List: ACET 2023 result merit list will be available on their official website. This merit list will show the number of students who have qualified for the exam. ACET merit list will have candidate ID and candidate names of qualified students. Candidates will be called for the counselling process based on the merit list. Candidates will be categorized rank-wise.
Steps to Check ACET Result
The steps to be followed by the students to check their results are as given below. Candidates must visit the official website to check their results.
- Step 1: Visit the official website of the IAI - actuariesindia.org.
- Step 2: Click on the 'Examinations' tab and select the 'Regular Exam Results' option from the drop-down menu.
- Step 3: Choose the preferred option from subject-wise or session-wise results.
- Step 4: Click on the link to the respective session.
- Step 5: ACET Merit List PDF will appear in a new tab.
- Step 6: Use the Ctrl+F key to find the respective ACET candidate ID in the list. A remark will be written in the last column (Pass/ Fail). This will be the result.
- Step 7: Download the Merit List/ Result PDF for future reference.
Read More: ACET 2023 Result
ACET 2023 Cut Off
The candidates must secure at least 50% marks in ACET 2023 entrance examination to qualify for the exam. The candidates who score equal or above the cut off marks will be called for counselling/ admission procedure. ACET 2023 cut-off will be declared post-exam. Students who clear the cut-off will get their names on ACET 2023 merit list. The following are the factors on which the ACET cut-off depends.
- The number of candidates appearing for ACET 2023.
- The difficulty level of ACET paper.
- The number of seats available.
- The difficulty level of the previous exam of the same cycle.
ACET 2023 Counselling
Shortlisted candidates must attend the counselling session and an interview ten days after the merit list is released. The exact schedule for ACET counselling sessions will be informed separately, based on the performance in the written test. The students have to bring the Statement of Purpose (SOP) and certificates of extracurricular activities if any.
The seats in the various programs will be allotted based on the merit/ ranking of the student and subject fulfilling the minimum eligibility criteria for the program. The merit ranking is compiled at the end of each admission cycle. If the seats remain vacant, another admission cycle is announced. The merit/ ranking is arrived at by calculating the average of the score in the specified entrance test and the personal interview score.
Students who qualify for the January 2023 ACET Exam: Such students can register for student membership. For more details, check ACET 2023 Important Dates. After getting a student membership, students must activate their account and choose the subjects they want to appear in for the next exam in IAI.
Students who qualify for June 2023 ACET Exam: Such students can register for student membership. For more details, check ACET 2023 Important Dates. After getting a student membership, students must activate their account and choose the subjects they want to appear in for the next exam.
Note: A candidate cannot claim a seat if they fail to attend the counselling process. ACET candidates will be required to submit the fee for admission, and the first semester in the stipulated time else the seat allotment will become void.
Documents Required for Counselling
The applicants are required to produce certain documents at the time of counselling. The required documents are as given below.
- Photo ID Proof (Passport, Pan Card, School/College ID Proof).
- 10th Mark Sheet
- Date of Birth ID Proof (Pan Card, Birth Certificate, School/ College Leaving Certificate, Passport).
- 12th Mark Sheet.
- Name Change Document (if required)
- Score Card/ Result.
- ACET Admit Card.
- Community/ Reservation Certificate (If applicable)
Read More: ACET 2023 Counselling
ACET 2023 Contact Details
In case of any questions or queries, candidates can reach out to the concerned authorities through the following 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.
Email ID: [email protected]
Official Website: www.actuariesindia.org
How frequently will the ACET 2023 entrance exam be held?
ACET exam for Dec session will be conducted on Dec 23, 2023, in computer based test mode.
What is the eligibility criterion for ACET 2023 exam?
The student must have passed 10+2 examination or an equivalent examination with English as one of the subjects at 10 + 2 level. Working professionals can also take up this exam and candidates having qualification in mathematical subjects can take up the ACET exam.
How much is the registration fee for ACET 2023 exam?
The registration fee for the ACET entrance exam is INR 3000 (three thousand only). This covers entirely the cost of one Sample Question Paper, Indicative Solution and Online Exam.
What is the mode of ACET 2023 examination? Is it online or offline?
The ACET exam is an online computer based mode of examination. It will be conducted in all the specified exam centres.
What is the structure of the ACET 2023 Exam? e.g. Duration, distribution of questions, marks, and others.
ACET Exam will have multiple choice questions with one correct answer for each question. The exam will be for three hours. It is a 100 marks online exam which will have 70 multiple choice questions with one correct answer for each question.
Can we bring writing notepad to the ACET exam centre?
No, you will not be allowed to carry blank sheets of paper to write. However, the sheets to do rough work would be provided to you at the exam venue itself. You are not allowed to carry out any paper from the ACET exam room.
When will the ACET 2023 results be declared?
ACET results 2023 for the Jun session exam will be declared on Jul 5, 2023. The results are generally declared within the 20 days from the date of the exam. The results would be available on the IAI website.
What happens after passing the ACET 2023 exam?
If you have passed the ACET 2023 exam you must follow an affirmation process. One has to take responsibility of all the information he or she discloses during this process. Additionally, once your participation is acknowledged and you get the understudy enrollment id, you can buy in for the study material of your chose Core guideline subjects on the web. You can apply for the December 2020 ACET Examination.
What are the subjects in the ACET 2023 Exam?
The ACET 2023 Exam consists of the following subjects. Mathematics Statistics Logical Reasoning Data Interpretation English Candidates can find the detailed exam pattern for the ACET Exam above.