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The December 2023 session of the ACET is scheduled for the 23rd of December 2023. ACET, a national-level commerce entrance exam, is administered by the Institute of Actuaries of India (IAI). The Actuarial Common Entrance Test (ACET) is designed to secure admission to student membership of IAI.
Aspiring candidates seeking information about the ACET exam, including details such as the exam date, application form, and preparation materials like syllabus, exam pattern, and question papers, can find the latest updates on the official website at actuariesindia.org.
ACET 2024
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Institute of Actuaries of India (IAI), Mumbai Actuarial Common Entrance Test (ACET) Exam
| Exam Name: | Actuarial Common Entrance Test |
| Conducting Institute: | Institute of Actuaries of India |
| Commonly called as: | ACET |
| Exam Level: | University Level |
| Stream: | Engineering Entrance Exam |
Important Dates
| Event | Date |
|---|---|
| Registration starts | 19 March 2024 at 8.00 PM |
| Registrations close | 20 April 2024 up to 6.00 PM |
| Hall Ticket will be available | 27th April 2024 |
| Date of exam | 04 May 2024 (10.00 am to 1.00 pm) |
| Date of results | 01 Jul 2024 |
Important Downloads and Official Links
Eligibility Criteria
- Students who have appeared 10+2 or an equivalent examination and waiting for the result.
- A candidate who has passed 10+2 or any other higher courses/examinations.
- Any candidate studying higher courses/examinations.
- Diploma.
- Finance, or any other stream, but you have love for Mathematics and skills in Numeracy.
- Mathematical Sciences: Maths, Statistics, Econometrics or any other.
- Engineering.
- Management.
- Chartered Accountant, Cost Accountant or a Company Secretary.
Application Process
- Interested Candidates can apply through online mode only at the official website http://www.actuariesindia.org/
Entrance Test Fee
- Entrance Test Fee – Rs. 3000/-
- Mode of Payment – Online through Credit Card or Debit Card or Net Banking
Exam Pattern
- Mode of the Exam: Online Home Based Examination
- Duration of the Exam: 3 hours
- Language: English
- Types of Questions: 70 Multiple Choice Questions
- Total Marks: 100 Marks
- Marking Scheme: There is no negative marking for incorrect answers
The questions for Section-I i.e. Mathematics, Statistics and Data Interpretation will contain 55% of weightage and Section-II i.e. English and Logical Reasoning will contain 45% of the weightage
The total distribution of questions would be:
a. 45 questions – 1 mark each
b. 20 questions – 2 marks each
c. 05 questions – 3 marks each
After successful registration, students will be able to download the sample question paper for the examination. However, the names of the reference books will be provided to the students.
Exam Centers
| Code | Center Name | Code | Center Name |
|---|---|---|---|
| 1 | Mumbai | 9 | Jaipur |
| 2 | Delhi | 10 | Ahmedabad |
| 3 | Kolkata | 11 | Lucknow |
| 4 | Bangalore | 12 | Chandigarh |
| 5 | Gurgaon | 13 | Indore |
| 6 | Chennai | 14 | Kochi |
| 7 | Pune | 15 | Coimbatore |
| 8 | Hyderabad | 16 | Guwahati |
Contact Details
Address: 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
Boardline: +91 – 22 – 62433333 Fax: +91-22 – 62433322
ACET Exam Overview
| Aspects of the ACET Exam | Details |
|---|---|
| Name of Exam | ACET |
| Full Form | Actuarial Common Entrance Test |
| Exam Organizing Body | Institute of Actuaries of India (IAI) |
| Level of Exam | National Level |
| Type of Exam | Commerce entrance exam |
| Courses in which admission is through ACET | student membership of IAI |
| Colleges in which admission is through ACET | Institute of Actuaries of India |
| Mode of Exam | Online |
| Exam Duration | 3 hour |
| Types of Questions | Multiple Choice Questions |
| Total Number of Questions | 70 |
| Max marks | 100 |
| Subjects in Exam | Mathematics , Statistics , Data Interpretation, English , Logical Reasoning |
| Educational Qualification to appear in Exam | Class 12th |
| Official Website | actuariesindia.org |