ACET 2021 – On December 11, AIA (Institute of Actuaries of India) will conduct ACET (Actuarial Common Entrance Test) for the 2021 December session. On July 9, 2021, the ACET application form for December session was made available online. The deadline to register for ACET is October 26, 2021. The ACET 2021 exam will be taken online from the comfort of your own home. It is undertaken to screen aspirants for admission to the institution’s courses. The authorities hold this exam three times a year for individuals seeking admission to the courses.
On June 26, 2021, the ACET 2021 June Session test was conducted, and the results were announced on July 3rd, 2021. The results of the ACET are valid for three years from the date of declaration of results. Aspirants who pass the ACET tests are able to become members of the IAI and enrol in actuarial courses. For complete details regarding ACET 2021, Either read ACET information Bulletin which is available on the ACET official website or go through this article.
What is ACET?
It is a university-level examination that takes place twice a year. The Institutes of Actuaries of India (IAI) is the world’s top expert on the Actuarial Common Entrance Test (ACET). Aspirants become an IAI member after passing the ACET 2021 exam (Institute of Actuaries of India). As students take one test after another at IAI, they’ll learn everything they need to know to become a full-fledged actuary. An actuary’s job is to deal with risk management in finance’s Real Business Problems.
Since 2012, the ACET Exam has been conducted by the Institute of Actuaries of India (IAI). Since May 2016, there has been something in the ACET test structure by the authority. As a result, candidates should thoroughly review the ACET exam structure. The Institute of Actuaries of India (IAI) administers this test twice a year. IAI’s mission is to advance knowledge and research in all areas of actuarial science, as well as to elevate the profession’s status.
Allowed Calculators in ACET 2021
In the ACET 2021 exam, scientific calculators are permitted. Except for Sharp EL531, all exams can be taken with or without a suffix. Calculators are permitted in the following exam.
- Casio FX82 (ES/MS)
- Casio FX83 (ES/MS)
- Casio FX85 (ES/MS)
- Sharp EL531 (with or without any prefix or suffix)
- Texas Instruments BA II Plus
- Texas Instruments TI-30
- Hewlett Packard HP12c
ACET 2021 Important Links
Here is given below all ACET Important Links for the better convenience of aspirants.
|Official website||Click Here|
|Information Bulletin||Click Here|
|Apply Now||Click Here|
|Login Portal||Click Here|
|FAQ and other important links||Click Here|
|Help desk||Click Here|
ACET 2021 Important Dates
Here is given below ACET schedule 2021, Aspirants have to Proceed accordingly.
|Events||December Session||June Session||March Session|
|Application Started||09 July 2021||24 April 2021||20 January 2021|
|Last date to fill||26 October 2021||02 June 2021||04 March 2021|
|Admit card released||–||12 March 2021|
|Exam Date||18 December 2021||26 June 2021||27 March 2021|
|Result declared||18 December 2021||03 july 2021||03 April 2021|
ACET 2021 Eligibility Criteria
The ACET exam passing standards are the minimum qualifications that a candidate must have in order to be admitted to actuarial science courses after taking the entrance exam. The following are the eligibility requirements for the ACET 2021.
- The university does not set an age limit for the aspirants.
- Aspirants must have taken the 10 + 2 or a similar test.
- One of the disciplines studied during the 10 + 2 level must be English.
- Aspirants seeking a bachelor’s degree or other higher education are also able to apply.
- Those who are currently working.
- Aspirants who have a background in mathematics.
ACET 2021 Exam Pattern
For the aspirants’ convenience, the required information on the paper pattern for the entrance examination is provided below.
- The admission exam is administered entirely online (computer-based test).
- Within the question paper, there are a variety of alternate objective questions.
- Each right answer receives one point.
- For each question worth one mark, 0.5 points will be deducted. One mark will be deducted from the two-mark question. 1.5 marks will be deducted from the three-point question.
- Aspirants are given 3 hours to complete the task.
- The question paper is worth a maximum of one hundred points.
- Several questions: A maximum of seventy questions can be included in the question paper.
- Section I – arithmetic, statistics, and information interpretation, and section II – English and logical reasoning – can both be included in the question paper.
|Subject||No. of Questions||Marking (for correct answer) (per answer)||Negative Marking|
|Data Interpretation, mathematics, Statistics||45||01||0.5|
ACET 2021 Syllabus
For the aspirants’ convenience, we have compiled a list of topics and chapters from the most significant subjects.
|Mathematics||Notation and standard functions, Numerical methods, Algebra, Differentiation, Integration, Vectors, Matrices|
|Statistics||Permutations and combinations, Types of data, Measures of location, Measures of spread, Probabilities, Advanced, probabilities, Discrete random variables, continuous random variables, Discrete Distributions, Correlation, Regression|
|English||Vocabulary based (Synonyms and antonyms), English usage or grammar, Sentence correction, Fill in the blanks, Cloze passage, Analogies or reserve analogies, Jumbled paragraph, Meaning-usage match, Summary questions, Verbal reasoning, Facts/inferences/judgments, Reading comprehension, Vocabulary, Grammar, Verbal reasoning|
|Data, Interpretation||Tables, Column graphs, Bar graphs, Line charts, Pie chart, Venn diagrams, Caselets|
|Logical reasoning||Number and letter series, Calendars, Clocks, Cubes, Venn diagram, Binary logic, Seating arrangement, Logical sequence, Logical matching, Logical connectives, Syllogism, Blood relations|
ACET 2021 Preparation Tips
Aspirants can use the ACET preparation tips listed below to help them succeed on the exam.
- Learn everything there is to know about the ACET pattern and syllabus.
- For good practise, solve past exam problems and sample papers.
- Prepare for the entrance exam with the recommended study material, which is available both online and offline.
- Prepare a study routine for the exam and stick to it religiously.
- Take practise examinations to determine your level of preparedness and make any adjustments.
ACET 2021 Exam Centers
Here is given below the list of some cities of ACET Exam Centers.
ACET 2021 Admission Procedure
first, the respective authority Releases of Online Notification regarding ACET 2021 then aspirants have to complete the ACET Application Process. and then for short duration, Faculty provide Correction chance in Application Form. after that Admit card will be released and aspirants need to appear in the ACET Exam. then the ACET result will be declared.
ACET 2021 Application Form
The application form will be accessible over the internet. Aspirants will not be able to apply for the exam through any other methods.
While filling out the application form, applicants must attach scanned images of their photograph and signature. Aspirants must properly fill out all of the information on the application form and submit it on time. Finally, remember to print out the ACET Application Form for future reference.
On the official website, aspirants can register. Fill out the online registration form and pay the registration fee. Applicants can use ACET login after receiving a confirmation email at their registered email address for subsequent communications such as admit card download, admission, and so on.
ACET 2021 Application Fee
The ACET application cost can be paid online using a credit card, debit card, or net banking account.
- The application fee for all categories, including Sample Question Paper, Indicative Solution, and Online Exam, will be Rs. 3,000/-.
ACET 2021 Admit Card
Those in charge of issuing the hall ticket will make it available to anyone who fills out the registration form and pays the fee. It will be available online a week before the exam.
Aspirants who have completed the application form and paid the required money can obtain their Admit Card/Hall Ticket by visiting the official website. A copy should be kept by the aspirant for future reference.
Because it contains information such as the aspirant’s name, photograph, exam date, and centre, the admit card supplied by officials is highly useful for completing the admission requirements. Aspirants must keep their admit cards with them until the exam is over. Those who do not have a hall ticket or call letter will be thrown out of the exam. By providing the needed information, candidates will be able to obtain their admission card.
Applicants who have successfully enrolled can access their accounts and download their ACET 2021 Admit card. They must enter your registered Email ID and password on the login page.
Appeared for the ACET 2021
Aspirants have to successfully appeared in the ACET Exam and Don’t forget to carry print out of ACET admit card as well as at least one original identity proof along with at least two photograph.
ACET 2021 Result
The ACET 2021 result will be available on the internet a few days after the exams begin. IAI administers the ACET national level admission exam twice a year. The student who passes the entrance exam is admitted to one of the Institution’s many UG Management/Diploma Programs. Admission to various professional programmes in Actuaries is determined by taking an entrance exam.
The ACET 2021 exam results will be published on the official website. Aspirants who have taken the test can view their results by logging into their accounts on the examination portal.
ACET 2021 Merit List
On their official website, the ACET 2021 Result Merit List will be released. The number of aspirants who have qualified will be displayed on this merit list. Applicant IDs and names of qualified aspirants will appear on the ACET merit list. On the basis of the merit list, aspirants will be called for the counselling procedure. Aspirants will be divided into groups based on their rank.
ACET 2021 Cut Off
Aspirants must score at least 50% on the ACET 2021 entrance exam in order to qualify for the exam. Aspirants who achieve a score equal to or higher than the cut-off will be invited to participate in the counselling or admission process. After the exam, the ACET 2021 cutoff will be announced. Applicants who pass the cutoff will be listed on the ACET Merit List for 2021. The ACET Cutoff will be determined by the following factors:
- The number of people who are taking the ACET exam is increasing.
- ACET’s level of difficulty
- Number of Seats Available on Paper
- Level of Difficulty on the Previous Exam in the Same Cycle
ACET 2021 Counselling
Shortlisted aspirants must attend a counselling session and an interview within 10 days of the merit list being released. Based on the results of the written test, the specific time for the ACET Counseling session will be communicated individually. Candidates must bring their Statement of Purpose (SOP) as well as any certifications of extracurricular activity.
Seats in the various programmes will be assigned based on merit – a participant’s rating – and the participant’s ability to meet the program’s minimal eligibility requirements. At the conclusion of each admission cycle, a merit rating is created. If there are still seats available, a new admission cycle will be announced. The merit – ranking is determined by averaging the scores on the prescribed entry test and the score on the personal interview.
ACET 2021 Participating Institutes
Here is given below the list of ACET participating Institutes which accept the ACET Exam rank card.
- Amity University, Noida. Noida.
- Chandigarh University (CU) Chandigarh.
- Christ University.
- UNOM – University of Madras.
- Kerala University.
- Patna University.
- Institute of Actuarial and Quantitative Studies.
- NMU – Kavayitri Bahinabai Chaudhari North Maharashtra University.
ACET 2021 Contact details
For every Queries regarding ACET 2021, Either you can contact to ACET Help desk which is given below or ask us through comment.
- Boardline: +91 – 22 – 62433333
- Fax: +91-22 – 62433322
Frequently Asked Questions
ACET 2021 Exam Schedule: The exam is held twice a year. Validity of ACET Exam 2021 Results: ACET Exam 2021 Results are valid for three years. Within three years, students can apply for Student membership.
The ACET application form is now available in an online format. The application form for the June session has been open from July 9th, 2021. Students must provide a valid email address and phone number while registering in order to get information. The deadline to register for the December session is October 26th, 2021.
It is a university-level examination that takes place three times a year. The Actuarial Common Entrance Test is administered by the Institutes of Actuaries of India (IAI) (ACET).
After passing ACET, you can apply to join IAI as a student member (www.actuariesindia.org/Admission login.aspx). “To become an actuary, you must pass all actuarial tests (15 of them!) and have three years of practical work experience.
For ACET 2021, the Institute of Actuaries of India (IAI) has established eligibility criteria. As ACET is held three times a year, applicants are free to attend any of the sessions.