ACET FAQs
Q: How many times the exam is held per year?
A: The exam is held 3 times per year tentatively around the month of June, September, and January
Q: Is there any relaxation in the application fee for reserved categories?
A: No, the application fee for ACET is same for every category candidates i.e. Rs. 3000/-
Q: Is there any sectional cut-off in ACET?
A: No, there is no sectional cut-off in ACET. It has one overall cut-off of 50%.
Q: How can I get the study material from the official website?
A: After successful payment of the application fee, a confirmation mail will be sent to your email id. Use the same login credentials used during registration to log into the official website to download the study material.
Q: Can I pay for ACET application form offline?
A: No, you can make the payment only through online mode with a debit card, credit card, and net banking.
Q: What are the cities available to give the ACET?
A: There are 24 cities available for a candidate to give the ACET: Mumbai, Indore, Delhi, Nagpur, Kolkata, Ranchi, Bangalore, Kochi, Gurgaon, Bhubaneswar, Chennai, Dehradun, Pune, Patna, Hyderabad, Vizag, Jaipur, Ahmedabad, Surat, Lucknow, Guwahati, Chandigarh, Raipur, and Coimbatore.
Q: Is there any changes in ACET?
A: The major change in ACET is: There is no negative marking for an incorrect answer since the September session of ACET.
Q: Are calculators allowed in the exam hall for ACET?
A: For ACET, scientific calculators such as Casio FX82, Sharp EL531, Hewlett Packard HP12c, etc. are allowed.
Q: What is the time slot for ACET?
A: The time slot for ACET is fixed which is 10.00 AM to 1.00 PM
Q: What things I can carry inside the exam hall?
A: You can carry only the following things inside the examination hall:
- Admit card/ Hall ticket hard copy
- A photo id proof (Aadhaar card, driving license, voter id card, etc)
- A scientific calculator
- A pen/ pencil
Q: I am continuing my 12th, can I apply for ACET?
A: Yes you can apply. But after qualifying the exam, during the time of applying for IAI student membership, you should have qualified 12th.
Q: Where can I contact regarding any information about ACET?
A: You can contact ACET helpdesk at their official website or you can contact the telephone number of 022-62433333/3336.
Q: Are foreign nationals eligible for ACET?
A: No, IAI will reject the application of candidates bearing nationality other than India.
Q: What are the top colleges for Actuarial Science?
A: Top colleges offering actuarial science are:
- Kavayitri Bahinabai Chaudhari North Maharashtra University, Jalgaon.
- Bishop Heber College, Tamil Nadu.
- Amity University, Noida.
- Chandigarh University.
- Babu Banarsi Das University, Lucknow.
Q: What are the best books to prepare for ACET?
A: Books that will help qualifying ACET are:
- Test Of Mathematics at Ten plus Two-level by Indian Statistical Institute
- How to prepare for Quantitative Aptitude for the CAT by Arun Sharma
- Quantitative Aptitude for Competitive Examinations by Abhijit Guha
- High School English Grammar and Composition by Wren and Martin
- How to Prepare for Verbal Ability and Reading Comprehension for CAT by Arun Sharma and Meenakshi Upadhyay
- Trishna’s Data Interpretation and Logical Reasoning for the CAT and other MBA Entrance Examinations by Trishna Knowledge Systems
- How to Prepare for Logical Reasoning by Arun Sharma
