FormBazaar - More than just the paper work!!
ACET 2021 Admission Actuaries Common Entrance Test 2021 Application Forms (OUT), Eligibility Criteria, Exam Pattern, Admit Card, Result
Monday, 22 Feb 2021 00:00 am
FormBazaar - More than just the paper work!!

FormBazaar - More than just the paper work!!

Institute of Actuaries of India (IAI) was established in 2006 under The Actuaries Act 2006 which regulates the profession of Actuaries in India. The applications for Actuarial Common Entrance Test 2021 are now open.

The landscape of the Actuarial Profession is changing. The profession requires students to have grit, patience and determination to clear all the exams which will help them in acquiring specialized skills which make them the right fit for the profession.

An actuary uses financial and statistical techniques to solve real business problems which involve risk management. They use natural mathematics, economic and statistical aptitude, awareness and ability to be applied in real financial world.

All the ACET 2021 information has been mentioned. Read the article to know everything about Actuarial Common Entrance Test 2021.

 

TABLE OF CONTENTS

                                                  

ACET 2021 IMPORTANT DATES

IAI has released the admission process ACET 2021 Important Dates for all aspirants. Candidates who wish to start their career in Actuarial Science must not miss any event. Fill out the ACET 2021 Application Form before the registrations close.

Here are the important dates one must not miss-

EVENTS

DATES

ACET 2021 Registrations Begin

20th January 2021

ACET 2021 Registrations close

27th February 2021 up to 3:00 pm

Date of ACET Exam 2021

27th March 2021 (10:00am to 1:00pm)

Date of ACET 2021 Results

3rd April 2021

 

ACET 2021 ELIGIBILITY CRITERIA

Candidates must clear the Actuarial Common Entrance Test 2021 to be able to be a member of the Institute of Actuaries of India. The validity of the ACET 2021 Result will be for three years from the date of declaration of exam result for taking membership of IAI.

 

HOW TO APPLY?

ACET 2021 Application forms are now out. IAI Aspirants can start filling their application forms before it is too late and the registrations close. ACET 2021 will be a Home Based Online Examination.

Here is a detailed step by step procedure to apply for Actuarial Common Entrance Test 2021.

  1. Visit the official website of Institute of Actuaries of India. www.actuaries.org
  2. Click on link to register yourself for the ACET 2021 Home Bases Test.
  3. Now the candidate must fill in their credentials (name, e-mail id, phone number etc).
  4. The candidate has to fill in their personal, educational details in the application form.
  5. Next, upload all required documents for ACET 2021 Application form. (Passport size photograph & signature)
  6. The documents uploaded must be in JPG, PNG, JPEG, GIF, BMP, RAW formats and the file size must not exceed 1MB.
  7. Lastly, pay the ACET 2021 Application fee (INR 3000/-) through credit card/ debit card/ net banking only.
  8. Now submit the ACET 2021 Application Fee.

 

ACET 2021 ADMIT CARD

For the ACET 2021 Home Based Exam, IAI communicates all exam related details through candidates registered email id and contact number. The access to the exam platform will be given 5 days before ACET 2021 home based exam.

The ACET 2021 Admit card will also be released five days prior to the exam.

 

ACET 2021 EXAM CENTRES

Actuarial Common Entrance Test 2021 will be conducted online. Students have to attempt the test from their home according to the guidelines of Institute of Actuaries of India.

 

ACET 2021 EXAM PATTERN

  1. Mathematics
    2) Statistics
    3) English
    4) Data Interpretation
    5) Logical Reasoning

ACET 2021 SYLLABUS

The Actuarial Common Entrance Test 2021 syllabus includes topics like Mathematics, Statistics, English, Data Interpretation and Logical Reasoning. The topics under each subject have been mentioned in details below-

SUBJECTS

TOPICS

MATHEMATICS

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

STATISTICS

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

 

 

    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

 

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.

 

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


 

ACET 2021 RESULT

The ACET 2021 result will be announced online only. Candidates will have to check their results on the official website of Institute of Actuaries of India. The result will be released a few days after the commencement of the exam. Candidates must login with their credentials to know their results.

 

ACET 2021 EXPECTED CUT OFF

Candidates who will qualify the exam will be those who score at least 50% marks in ACET 2021 entrance. The cut offs will be declared after the exam is conducted. The name of candidates who clear the cut off will have their names on the ACET 2021 merit list. These candidates will be allowed to sit in the counselling session.

 

ACET 2021 COUNSELLING

After the candidates clear the ACET 2021 cut off, they will be eligible to be a part of the ACET Counselling Session. Candidates will have to carry their Statement of Purpose (SOP), Certificates received from extra-curricular activities (if any).

 

FREQUENTLY ASKED QUESTIONS

Question- What are the software/hardware requirements for the Home Based Online ACET 2021 Examination?

Answer- Here is a list of software and Hardware requirements for the ACET 2021 home based online exam.

Hardware

Device

Personal Laptop or Desktop with web camera and microphone

Web Camera

Webcam must have a minimum resolution of 640x480 @ 15 fps

Internet Bandwidth

1MBPS 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 Browser -
Chrome https://www.google.com/intl/en_in/chrome/

Others

Net Framework –
4.5.2 https://dotnet.microsoft.com/download/dotnetframework/net452

 

 

Question- What are the documents required at time of the exam?

Answer- Government ID proof, ACET 2021 Admit Card are required during the exam.

 

Question- What to do in case, there is a problem while giving the exam?

Answer- You can contact ACET Helpdesk. acet@actuariesindia.org or call 022-62433333/3336