ACET 2024 official notification and the exam schedule for the May session has been released at www.actuariesindia.org. The ACET application form 2024 will last till Apr 16, 2024 (without late fee) and Apr 23, 2024 (with late fee) submission. The form was released on Feb 21, 2024. Applicants must enter all the details carefully and register for the examination before the last date.
Moreover, the exam date for ACET 2024 has been scheduled from May 21 - 31, 2024. For all the papers, the exam will commence in two shifts, morning and evening. However, candidates must check the ACET eligibility criteria 2024 before applying for the exam, as failing to meet the eligibility will lead to cancellation of the application form filling.
Candidates aspiring to become an actuary and work in finance can apply for the ACET exam 2024. The full form is the Actuarial Common Entrance Test. This test is conducted by the Institute of Actuaries of India (IAI) twice every year.
Table of Contents
- ACET 2024 Application Form
- ACET Exam Date 2024
- About ACET Exam
- ACET Eligibility Criteria 2024
- ACET Admit Card 2024
- ACET Exam Centres 2024
- ACET Exam Pattern 2024
- ACET Syllabus 2024
- ACET Reference Books 2024
- ACET Paper Analysis 2024
- ACET Answer Key 2024
- ACET Results 2024
- ACET Cut Off 2024
- ACET Counselling 2024
- ACET Contact Details
ACET 2024 Application Form
ACET 2024 application form-filling is ongoing, and the last date to apply without late fee submission is Apr 16, 2024. However, candidates paying late fees can apply till Apr 23, 2024. The form was released on Feb 21, 2024, on the official website in online mode.
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.
Applicants can sign up on the official website. Fill out 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 Application Fee 2024
The ACET application fee can be paid online using a credit card/ debit card/ net banking. The fee payment for all categories is the same, including sample question papers, Indicative solutions and online exams. Applicants must check the table shared below for the same.
| Particulars | Details |
| ACET Application Fees (All Categories) | INR 3000/- |
ACET 2024 Application Important Notes
The important points that applicants must remember during the ACET application process are shared below.
- ACET candidates will receive a confirmation mail if the photo uploaded is correct. If the image needs to be more accurate, they must 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 received later, 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.
ACET Exam Date 2024
ACET 2024 exam date for the May session has been released. The exam is scheduled from May 21 - 31, 2024. The ACET exam is conducted in multiple sessions in a year. ACET 2024 mock test details will be released on the official website. Candidates can check the complete schedule for the ACET exam shared in the table below.
| Events |
May Session Dates |
|---|---|
| Upcoming Events | |
| Last Date for ACET Registration (Without Late Fee) | Apr 16, 2024 |
| Last Date for ACET Registration (With Late Fee) | Apr 23, 2024 |
| Admit Card Date | May 3, 2024 |
| ACET Mock Examination 2024 | May 2024 |
| ACET 2024 Exam Date | May 21 - 31, 2024 |
| Results Date | Jul 30, 2024 |
| Past Event | |
| ACET Registration Start Date | Feb 21, 2024 (Ongoing) |
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 2024 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 2024 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 Exam: Scientific calculators are allowed in ACET 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 Exam Frequency: The test is conducted twice a year.
ACET Results Validity: ACET exam 2024 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 Exam Highlights
The important details regarding ACET 2024 are tabulated below.
| Particulars | Details |
| Exam Name | ACET |
| Full Form | Actuarial Common Entrance Test |
| Exam Level | National Level |
| Conducting Body | Institute of Actuaries of India (IAI) |
| Application Mode | Online |
| Language | English |
| Exam Mode | Online, i.e., Computer Based Test (CBT) |
| Exam Duration | 3 Hours |
| Maximum Marks | 100 |
| Official Website | www.actuariesindia.org |
| ACET Helpline | acet@actuariesindia.org |
ACET Eligibility Criteria 2024
The conducting authority has set the eligibility criteria for ACET 2024. As per the criteria, the applicants must have passed the 10+2 examination or an equivalent examination with English as one of the 10 + 2 level subjects. Those working or with the required qualifications in mathematical subjects can take the exam.
However, 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. There is no age restriction for the candidates.
ACET Admit Card 2024
ACET admit card 2024 will be released on May 3, 2024 for the May session. The ACET hall ticket 2024 will be released online. Applicants must enter the login credentials required to download their hall ticket.
The admit card provided by officials is handy for finishing the admission procedures as it has details including the aspirant’s name, photograph, exam date, centre, etc. Aspirants must have the admit card with them until they finish 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 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 the ACET 2024 hall ticket.
ACET Exam Centres 2024
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 various centres across 24 cities in India, including all of the major metropolitan areas and other educational hubs. Candidates must select their preferred test centre and town at the time of registration. A change in any ACET 2024 exam centres or the city is not permitted once 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.
ACET Exam Pattern 2024
Candidates must check the ACET 2024 exam pattern details shared for reference. 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 subjects like Mathematics, Statistics and Data Interpretation for 55% of the scores, and Part 2 includes English and Logical Reasoning for 45%.
The exam pattern is the most essential part that candidates need to know before starting their preparation for the examination.
- Questions Type: The ACET exam consists of objective type, i.e., multiple-choice questions (MCQs).
- Exam Mode: The ACET examination is conducted online and is computer-based.
- Duration: The duration of the exam is 3 hours.
- Sections: There are two sections for ACET 2024.
- 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 |
|---|---|---|
| 20 | 2 | 1 |
| 05 | 3 | 1.5 |
| 45 | 1 | 0.5 |
Read More: ACET 2024 Exam Pattern
ACET Syllabus 2024
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 2024 syllabus will include the following subjects.
- Mathematics
- Statistics
- English
- Data Interpretation
- Logic-based questions
ACET Mathematics Syllabus 2024
The important topics to be covered for ACET exam in the Mathematics syllabus are as listed below.
- Algebra
- Differentiation
- Integration
- Matrices
- Notation and Standard Functions
- Numerical Methods
- Vectors
ACET Statistics Syllabus 2024
ACET Statistics syllabus includes topics like Regression, Permutation and Combination and so on. Tabulated below are the other important topics and contents.
| Topics | Contents |
| Correlation |
Covariance |
| Types of Data |
Histogram |
| Measures of Location |
Mean |
| Measures of Spread |
Range |
| Discrete Random Variables |
Definitions |
| Probabilities |
Basic Rules of Probabilities |
| Advanced Probabilities |
Tree Diagrams |
| Continuous Random Variables |
Definitions |
| Discrete Distributions |
Discrete Uniform |
| Continuous Distributions |
Continuous Uniform |
ACET English Syllabus 2024
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 2024
Mentioned below is the list of topics from which ACET 2024 Data Interpretation section questions are asked.
- Bar Graphs
- Caselets
- Column Graphs
- Line Charts
- Pie Chart
- Tables
- Venn Diagrams
ACET Logical Reasoning Syllabus 2024
Mentioned below is the syllabus of ACET Logical Reasoning section.
- Binary Logic
- Calendars
- Clocks
- Cubes
- Logical Connectives
- Logical Matching
- Logical Sequence
- Number and Letter Series
- Seating Arrangement
- Syllogism
- Venn Diagrams
ACET Reference Books 2024
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 the ACET exam pattern and the types of questions in the exam. The students must be thorough with the ACET syllabus and topics to grasp the subject matter for the exam.
The candidates are advised to review the practice problems in the subject areas listed in the ACET syllabus. This can be done with the help of the reference books recommended by IAI.
Read More: ACET Books 2024
ACET Paper Analysis 2024
The ACET exam 2024 for the May session has been scheduled from May 21 - 31, 2024. Thus, the paper analysis for ACET 2024 will be shared by May, soon after the exams. The analysis will be shared based on the reviews received from the candidates who appeared for the examination and some other experts.
However, the analysis will help students learn the exam pattern and question format quickly for the upcoming sessions or shifts scheduled for the ACET examination. Applicants must check the page to be updated with the latest happenings.
ACET Answer Key 2024
The ACET answer key is expected to be released by Jun 2024 on the official website. Candidates must note that the authority will first release the provisional answer key for ACET 2024 for which the provision of object is provided to the candidates. However, after considering the objections raised, the final answer key for the ACET exam will be shared officially.
Applicants must enter the login credentials required to download their answer key for ACET 2024 from the official website.
Key Points for ACET Answer Key
Candidates must check essential pointers of the ACET answer key for 2024 shared below.
- 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.
ACET Result 2024
ACET result 2024 will be released on Jul 30, 2024, on the official website at actuariesindia.org. Candidates who appear for the examination can access their scorecards from the examination portal. They must enter the login credentials required to download their ACET 2024 result.
The candidate who qualifies for the entrance test is admitted to various undergraduate management/ diploma programs the institution offers.
ACET Result Merit List: ACET 2024 result merit list will be available on the 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.
ACET Cut Off 2024
The candidates must secure at least 50% marks in the ACET 2024 entrance examination to qualify for the exam. The candidates who score equal to or above the cut-off marks will be called for counselling/ admission procedure. ACET cut-off will be declared post-exam. Students who clear the cut-off will get their names on the ACET merit list 2024. The following are the factors on which the ACET cut-off 2024 depends.
- The number of candidates appearing for ACET 2024.
- The difficulty level of ACET paper.
- The number of seats available.
- The difficulty level of the previous exam of the same cycle.
ACET Counselling 2024
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.
Seat Allocation
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.
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 ACET Counselling 2024
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 2024 Counselling
ACET Contact Details
In case of any questions or queries, candidates can reach out to the concerned authorities through the following contact details shared below.
Address:
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: acet@actuariesindia.org
Official Website: www.actuariesindia.org
FAQs
How frequently will the ACET 2024 entrance exam be held?
The ACET exam is conducted at least twice a year.
What is the eligibility criterion for ACET 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 2024 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 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 exam 2024?
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.
What happens after passing the ACET exam?
If you have passed the ACET 2024 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.
What are the subjects in the ACET Exam?
The ACET 2024 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.
