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ACET:ACTUARIAL
COMMONENTRANCE
TEST
ACTUARYTHEBACKBONEOF
FINANCIALSECURITY
Actuaries are the foundation of financial security. Insurance
Companies, financial organizations, and numerous
multinationalcompaniesarereluctanttomakecertainfinancial
decisionsinvolvingriskwithouttakingadvisefromtheactuaries
professionals first. In India the profession of Actuaries is fully
controlled and managed by the Institute of Actuaries of India
underthestatuteofTheActuariesAct.
Entranceindia.com a pioneer in providing model papers for
various engineering and medical entrance tests has been
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providing ACET Preparation Sample Papers and Model

Papers since beginning of ACET Test in India i.e. January
2012. Before January 2012, the admission into the course of
Actuaries was on the basis of qualification and not entrance
test. Since 2012 many aspirants of Actuaries profession has
placedhighrelianceonourACETExpertModelPapersmeant
for Actuarial Common Entrance Test. Register today for a
demoACETSamplePaperfreeofcost.
ACETMockTest(NewPattern)
ACETSamplePapers
ACETModelPapers(NewPattern)
ACETOct2016Preparation
ACETOct2016EntranceindiaAdvantage
ACETImportantDates:Oct2016Exam
BeginnersGuidetoACETExam

ACETNewExamPattern:
BeginningthisMay2016,theACETexamwillhaveadifferent
exampatternmixingEnglish,Reasoning,etc.alongwithmath
andstatistics.Theexistingexampatternwascontinuingsince
January2012havingonlyStatisticsandmathematics.
TheoldExamstructureofACET:
1.TheexamofACETwasa2hour,100marksonlineexam.
ACETexamhad55multiplechoicequestionsoftotal100
markswithonecorrectanswerforeachquestion.
2.Thequestionpaperpatternanddistributionsofquestionsas
under:
a.25questions1markeach
b.25questions2markseach
c.05questions5markseach
3.ThesyllabusbasicallywascoveringMathematicsand
Statisticsof10+2Level.
TheNewstructureofExaminationsis:
1.FromMay2016ACETisa3hoursexamconductedonline.
Ithas70multiplechoicequestionswithonecorrectanswerfor
eachquestion.
2.Thequestionpaperpatternanddistributionsofquestionsas
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under:
a.45questions1markeach
b.20questions2markseach
c.05questions3markseach
3.Thesyllabusincludesthefollowing:
SectionIMathematics,StatisticsandDataInterpretation
having55%ofweightageand
SectionIIEnglishandLogicalReasoninghaving45%of
weightage.

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The syllabus as mentioned in Actuaries India website as

under:
SyllabusforACETExaminationwillincludethefollowing
1)Mathematics
2)Statistics
3)English
4)DataInterpretation
5)Logic
1)Mathematics:
a)Notationandstandardfunctions
b)NumericalMethods
c)Algebra
d)Differentiation
e)Integration
f)Vectors
g)Matrices
2)Statistics:
a)Permutationsandcombinations
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b)Typesofdata
Statisticaldiagrams,barchart,histogram,dotplot,stemand
leaf,boxplot
c)Measuresoflocation
mean,median,mode
d)Measuresofspread
range,interquartilerange,standarddeviation,variance,
Skewness
e)Probabilities
basicrulesofprobabilities
f)Advancedprobabilities
treediagrams,conditionalprobabilities
g)Discreterandomvariables
definitions,probabilities,mean,mode,median,standard
deviation,variance,coefficientofskewness
h)Continuousrandomvariables
definitions,probabilities,mean,mode,median,standard
deviation,variance,coefficientofskewness
i)Discretedistributions
discreteuniform,Bernoulli,binomial,Poisson
j)Continuousdistributions
continuousuniform,exponential,thenormaldistribution
k)Correlation
scatterplots,covariance,correlationcoefficient
l)Regression
3)English:
a)VocabularyBased(SynonymsAntonyms)
b)EnglishUsageorGrammar
c)SentenceCorrection
d)Fillintheblanks
e)ClozePassage
f)AnalogiesorReverseAnalogies
g)JumbledParagraph
h)MeaningUsageMatch
i)SummaryQuestions
j)VerbalReasoning
k)Facts/Inferences/Judgements
l)ReadingComprehension
Vocabulary:Vocabularyquestionstestthecandidates
knowledgeoftheprimarymeaningsofwords,secondary
shadesofmeaning,usage,idiomsandphrases,antonyms,
relatedwords,etc.

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Grammar:Grammarbasedquestionstestthecandidates
abilitytospotandcorrectgrammaticalerrors.Itshould
generallytestsknowledgeofhighschoollevelgrammarand
includesareaslikesubjectverbagreement,useofmodifiers,
parellelconstruction,redundancy,phrasalverbs,useof
articles,prepositions,etc.
VerbalReasoning:Verbalreasoningquestionsaredesignedto
testthecandidatesabilitytoidentifyrelationshipsorpatterns
withingroupsofwordsorsentences.
4)DataInterpretation:
Dataisgiveninformoftables,chartsandgraphs.Inthis
sectionitistestedthathowcanyouinterpretthegivendata
andanswersthequestionsbasedonit.
a)Tables
b)ColumnGraphs
c)BarGraphs
d)LineCharts
e)PieChart
f)VennDiagrams
g)Caselets
(Combinationoftwoormoretypeslinkedtoeachother.)
5)LogicalReasoning
a)NumberandLetterSeries
b)Calendars
c)Clocks
d)Cubes
e)VennDiagrams
f)BinaryLogic
g)SeatingArrangement
h)LogicalSequence
i)LogicalMatching
j)LogicalConnectives
k)Syllogism
l)BloodRelations

WhyanActuarysoImportant?
The work of an actuary is quite diverse. It ranges from the
technical aspect of the development of the complex financial
productsbeitininvestmentbankingoranyinsurancecompany
to in consultancy roles. The Enterprise Risk Management is
oneoftheimportantareasyoucanspecializeinthisfield.They
apply the business knowledge with the economic know how
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with special skill in mathematics, statistics with the ability to

reason it logically and analytically to plan out financial and
strategicadvice.
ThedaytodaydutiescarriedoutbyanActuaryare:
ToDevelopanewrangeoffinancialproducts
AssessthevaluationofliabilitiesandAssets
Strategicadvicetovariousinvestmentportfolios,keepingin
mindtheprofitabilityaspect
Computetheratesforfundsandotherpensionschemes
Analyzethedifferentaspectsoflocationrelatedcatastropheclaims
Monitorandmeasurenewproductdevelopmentinmarkettesting
Presentations,reportsandvaluationonaquarterlybasis.

LOTS OF OPPORTUNITY LIES IN THE

BANKINGANDINSURANCESECTOR
Taketheinstanceofinsurancecompaniesasactuariesplayed
a main role. Insurers do take financial risks with lots of
uncertainties and assure to compensate any financial loss for
theentiretimeperiodunderthecontractthatmaylastfordays,
monthsoryearsormightspanalifetimeofanindividualoran
asset.Herecomestheroleofanactuary.Theactuarieshelp
to calculate the cost and work out the premiums of the policy
holdershowmuchtheycanexpecttopay.
Take for example the Banking sector that sees actuaries in
demandthesedaysandmorelikelytogrowinthefuture.The
current roles are in the areas of investment banking, Finance
and credit risk, The Enterprise Risk Management, etc. An
Actuary does monitor the various risks involved in trading
positions in the investment banking sector to ensure that
excessiverisksarenotpushedfurthertoincreasebusiness.
Intodaysbusinessenvironmentnotonlyinsurancecompanies
andpensionhousesoreventhegrowingdemandinthebanks,
otherestablishmentsdoeshireactuariesinanonconventional
role like strategic management decisions for the smooth
running of their business activities. This is because every
companyneedstotacklevarioussituationsinvolvinginstability
and to reduce the risk factor. This expertise provided the
opportunitytosettledowninuppermanagementandexecutive
positions.
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ACTUARY THE EMERGING NEW DISCIPLINE

ININDIA
Until the denationalization of the Insurance Industry, LIC was
the main head honcho for actuaries. Preceding
denationalization, actuarial career was not by any means
known to the overall population . It was just after the industry
was opened in the year 2000 to private investment that the
quantity of insurance companies working in India expanded.
This has made a surge in the interest for actuaries in the
nation. At present, there are numerous private owned
insurance companies. Further, there are numerous KPO/
investigative focuses and private banks set up by different
worldwide back up plans and actuarial specialists, which thus
buildtheinterestforactuariesintheIndianinsurancemarket.

PassingoutthecoreexamwillawardyouActuary
Fellowship
Asmanyas15subjectsyouhavetogetthroughinordertobe
awardedFellowshipbytheInstituteofActuariesofIndia.There
is no such deadline or duration to pass out the exam, but its
your determination, dedication and devotion the key towards
yoursuccess.
Thesesubjectsarebasicallybranchedoutinthreegroups.
The first segment the CT series focuses on the application of
mathematics and statistics in actuarial application in Life
Insurance, General Insurance, employee benefit and
investment. Introductory topics dealing with economics,
financial reporting and financial economics are part of the
syllabus.Thetheoreticalquestionsaresetinsuchawaysthat
it helps the examiner to understand the real life problem
solving situations, how efficiently you are able to handle than
straightforwardquestions.
Thesecondsegmentisbifurcatedfurtherintotwosections,the
CA and ST series subjects. The ST series are all practical
basedandrequireaworkingknowledgethemost.CAconsists
of Risk Management, Documentation and develop
communicationofthetechnicalaspectinsimplelanguagetoall
nontechnicalpersons.

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In the third segment, the SA series you have to choose any

oneSpecialistsubjectfromanarrayoftopics,likeHealthand
Care, Life Insurance and also that of General Insurance
includingFinanceandInvestment.

Thelucrativejobmarketawaitsyou
Intheeventthatyoucansurvivethebarbecuingtests,thereis
a result the average yearly pay for an actuary is quite
tempting. Actuaries are universally popular and can fix the
salarytermsonstrongpaybundles,salariesandperks.Nobig
surprise then that this calling has been evaluated among the
bestjobsintheUS.
InIndiathepatternisgraduallygrabbing.Insurancecompanies
and counseling firms offer legitimacy to experience and
capabilities with compensation bundles extending from 8 lacs
everyannumforamateurstoaround40lacseveryannumfor
thoseinseniorpositions.InUKaqualifiedstatisticiancangain
20lacseveryannum.
The actuarial profession is ideal for people who appreciate
difficulties and can take up challenges. The individuals who
create a reputation of achievement will have numerous
opportunities for development and progression. Most
employers of actuaries honor legitimacy increments as you
increaseexperienceandpasstheactuarialexaminations.Most
organizations, likewise offer monetary rewards, pay
increments, and advancements for every professional
assignmentaccomplished.
_________________________________________________
ACETExamSyllabus
ACETExamPattern
ACETExamFAQ
ACETStudyMaterials
ACETEligibilityCriterion
ACETExamCentres
__________________________________________________

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Entranceindia.com is an online platform which provides preparatory

courses, online coaching,model papers, mock tests, etc for various
professional and technical educations in India including ACET Exam.
ACETexamisconductedbytheInstituteofActuariesofIndia(IAI)which
is a statutory body under central Act. We are not associated with IAI in
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