Actuarial Common Entrance Test (ACET)

"Actuarial Common Entrance Test" is applicable to the candidates who plan to enroll as student member of the Institute of Actuaries of India and wish to take actuarial examinations.

Eligibility Criteria:

Any candidate studying for
• Students who have appeared 10+2 or an equivalent examination and waiting for the result
• A candidate who have passed 10+2 or any other 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.

Note:
1. ACET Examination is conducted only in India
2. ACET result is valid for 3 years from the date of declaration of the exam result for taking student membership of IAI.

Structure of ACET Examination:

Institute of Actuaries of India had started conducting its Entrance Exam which is ACET from January 2012.

Institute has started conducting ACET examination in Home Based Online Format with effect from October 2020.

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. 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

4. ACET will be conducted in a single day with one slot.

5. There will not be any negative marking for incorrect answers.

Pass mark for ACET Examination is 50%.

Technical Requirements for appearing the ACET Home Based Online Examination:

To appear for ACET Home Based Online Examination, all applicants shall require to fulfil the mandatory technical requirements;

Hardware	Device	Personal Laptop or Desktop with web camera and microphone (NOTE: IOS / MAC BOOK ARE NOT ALLOWED)
	Web Camera	Webcam must have a minimum resolution of 640x480 @ 15 fps
	Internet Bandwidth	2MBPS or more – dedicated and continuous connectivity/ Wired or wireless networks
	RAM	2 GB or above
	Processor	2 cores, 4 threads, Above 2.2 GHz.
	Graphics	Minimum of 64 MB of graphics memory
	Screen Resolution	1024 x 768 and above
	Multimedia Support	Sound Card
Software	Operating System	Windows 10 (Pro, Enterprise, and Education editions) OR Windows 8/8.1 (32-bit and 64-bit) (all editions) OR Windows 7 (32-bit and 64-bit) (all editions) Note: Up-to-date Service pack, device drivers, security patches in test taking system
	Web Browser	Latest Edge- https://www.microsoft.com/en-us/edge Chrome https://www.google.com/intl/en_in/chrome/
	Others	Net Framework – 4.5.2 https://dotnet.microsoft.com/download/dotnetframework/net452

Note:

Any modifications in above technical requirements will be notified by the Institute.
We urge all applicants to meet all mandatory technical requirements before registering for ACET Online home based Examination.
No requests for Cancellation and Refund will be entertained post registration.