302, Indian Globe Chambers,142, Fort Street, Off D N Road, Mumbai - 400 001
+ 91 22 67843333
ACET - Gateway to the World of Actuary - FAQs (ver. 2.00/March 2012)
The Frequently Asked Questions (FAQs) as under are designed to assist potential examinees and IAI does not claim that these are exhaustive or they cover and conform to all aspects of legal niceties within the framework of the Actuaries Act, 2006. If any questions of this nature do arise the same would be dealt with on case-by-case basis. IAI expects all examinees to behave in an orderly manner within and outside the examination centre. In case an examinee is found to have misbehaved or resorted to or attempted to have resorted to unfair means for the purpose of passing the examination, IAI reserves its right to take suitable legal action as may be deemed proper.
iii) This document is authorized by the President of IAI to be placed on the website, www.actuariesindia.org and also be made available in any other form to the potential examinees.
ACET – “Actuarial Common Entrance Test” is applicable to those who plan to enroll as student members of IAI and wish to take actuarial examinations from the IAI. Members who have been already admitted to the IAI are not required to take this entry exam and can continue to take their actuarial examinations as earlier.
What are the dates of Entrance Exam? The exam is proposed to be conducted on 2 9 t h / 3 0 t h J u n e 2012 in 41 cities and 5 1 centers across India. While registering, the candidates will be asked to fill in their choice of exam centers. 15 days from last date of close of registration, candidates would receive an email notification regarding their specific exam time slots. The time slots could vary across centers but in no th th circumstances would be outside 29 / 30 June 2012.
Dates of registration for the Examinations: i) When is the earliest date of registration? The registrations for June 2012 ACET exams will open on 5th April 2012. It is advisable for examinees to register early because immediately on completion of registration and payment of fee they would be able to download study material (from download section of login page) thereby getting more time to study before the exam dates. ii) When is the last date for registration for the June 2012 ACET examinations? The last date for registering for the exam is 15th May 2012 and this is not expected to be extended further.
How frequently the entrance exam will be held? The exam will be held at least twice in a year. As of now the planned months are: December/January and June /July.
Visit us at: www.actuariesindia.org
What is the structure of Exam? e. chartered and cost accountants. You will also receive an e-mail at your registered e-mail address with an attachment of e-receipt and copy of the registration form.org
. management graduates. Duration. distribution of questions.Fill up the online registration form and make the payment online. The exam will be conducted online at a pre-selected test center at a specified time. The exam will have multiple choice questions with one correct answer for each question.
How much is the registration fee? The registration fee for the entrance exam is Rs 3.actuariesindia. their membership acceptance would be subject to production of attested true copies of certificates that would be subject to independent verification. Step 1 . Step 4 . If an examinee clears the examination and subsequently applies for membership. you would receive an email notification regarding the specific exam time slot and the centre allocated along with the admit card.Go to IAI website and signup at http://www.On successful completion of payment you would be able to download study material from your login download tab. Indian Globe Chambers. Mumbai . The registration fee once paid is not refundable.html.000 (three thousand only).org/acet.400 001
+ 91 22 67843333
What is the eligibility criteria? The only eligibility criterion is that the examinee must have passed 10+2 examination or an equivalent examination with English as one of the subjects at 10 + 2 level.actuariesindia. Off D N Road.
Visit us at: www. The exam will be for two hours and the candidate would be presented 55 questions of 100 marks and the distribution of questions would be: 25 questions – 1 mark each 25 questions – 2 marks each 5 questions – 5 marks each
Where can I look for syllabus for the exam? The syllabus is available on IAI website under http://www. company secretaries. What is the mode of examination? Is it online or offline? It is a computer based examination where the examinees have to be present at their chosen testing centre administered initially in forty one cities within India at fifty One centers. marks and others. Nevertheless it is expected that many of those who are already in education at higher levels and also those working and having qualifications in mathematical subjects would take up the examinations. This covers the cost of the study material.html Step 2 . if possible.142.
How can I register for the exam? Please mention step by step process.org/acet.15 days after the last date of close of registrations. You are therefore requested to make considered decision to take up the examination and then only register. the online exam and the online tutorial.302. For example engineering students or professionals. degree holders in mathematical and statistical sciences etc are expected to take this exam. Step 3 . You would need to print the admit card and carry it to the exam centre. Also you will be able to download the detailed study material once you register for the examination. Before you make the payment. Fort Street. make sure all your details are correct because no subsequent changes would be possible thereafter.actuariesindia.g.
com or ebay.in easily by the students. 1. Indian Globe Chambers.
Can I use a scientific calculator during the test? If yes.5 mark will be deducted and for an incorrect answer to the 5 marks question 2. you can use only one of the models from the list below. you can only register for the exam by making an online payment. Mumbai . Texas Instruments TI-30 (with or without any suffix) 7. Hewlett Packard HP12c (with or without any suffix) Please note that you will not be allowed to carry any other model of the calculator in the exam centre. Sharp EL531 (with or without any prefix or suffix) 5. Off D N Road. NO 11 12 13 14 15 16 17 18 19 20 21 CITY GOA GURGAON GUWAHATI HYDERABAD INDORE JAIPUR JALANDHAR JAMMU JAMSHEDPU R KANPUR KOCHI S. Casio FX85 (with or without any suffix) 4. Texas Instruments BA II Plus and Texas Instruments TI-30 are available in India. However. Fort Street. The incorrect answer will deduct half of the weightage of marks e.
Visit us at: www. Yes. NO 34 35 36 37 38 39 40 41
CITY UDAIPUR VIZAG SRINAGAR COIMBATORE BHOPAL VADODARA VARANASI
*In major cities there may be more than one exam centers.5 marks will be deducted.302. Casio FX83 (with or without any suffix) 3. Casio FX82 (with or without any suffix) 2. NO 1 2 3 4 5 6 7 8 9 10 CITY AGRA AHMEDABAD BENGALURU BAREILLY BHUBANESHWAR CHANDIGARH CHENNAI DEHRADUN DELHI FARIDABAD S.actuariesindia.
In which cities are the exam test centers available?
S. please give a list of approved calculators for use in the exams. there would be negative marking for incorrect answers. you can use scientific calculators in the exam.400 001
+ 91 22 67843333
Can payment be made by any other means instead of online payment? No.
How do I get my examination admit card? Refer step-4 of Q9 above.co. NO 22 23 24 25 26 27 28 29 30 31 32 33 CITY KOLKATA LUCKNOW LUDHIANA MUMBAI NAGPUR NASIK PATNA PUNE RAIPUR RANCHI
S. From this list.org
Is there any penalty (Negative Marking) for wrong answers? Yes. for an incorrect answer to a 1 mark question 0. Casio FX82.142.g. They can be ordered from sites like flipkart. Texas Instruments BA II Plus (with or without any suffix) 6.
Off D N Road. If you don’t receive any communication from IAI after the registration process. The date and the time of the exam will be based on the availabl e slots at the exam centre.142.
Visit us at: www. The timelines of results have been set such that examinees would have enough time to be prepared for the November 2012 actuarial examinations.
I live outside India. However. There is however no restriction based on citizenship and/or residence for the exams to be taken from any one of the forty one centers. Indian Globe Chambers. Fort Street.400 001
+ 91 22 67843333
Can we bring writing notepad to the exam centre? Yes.302. You are requested to take a print out of this admit card and carry it to the exam centre.actuariesindia. No blank sheets would be provided at the exam venue. Can I appear for the exam from outside India? No. currently IAI offers this exam only in an online format.
Can I appear for a paper based exam? No.
How will IAI contact me after registration? Please see Q9 for details of the registration procedure.org or 022-67843333.org
. From 15 days of close of last date of registrations. you can bring some blank sheets of paper to write.
Can I select my exam centre and the time of my exam? You have the choice of the exam centre but not for the day and the time for the exam. Note that your membership acceptance would be subject to production of attested true copies of your education certificates that would be subject to independent verification. you would receive an email t h a t w o u l d c o n t a i n a l i n k t o yo u r a d mi t c a r d w h i c h w i l l h a v e d e t a i l s a b o u t your exam centre. Note that the entry exam email and phone numbers would be active only after 05th April 2012. these sheets should be destroyed after the exam within the exam room itself.
When will the results be declared? The results will normally be declared within 10 days from the date of the exam. please contact the Entrance Exam helpdesk at entryexam@actuariesindia. Mumbai .
What happens after passing the exam? If you are among the successful candidates. you can apply for the November 2012 or any of the later actuarial exams. However. currently the exam is being offered only in cities within India. You are not allowed to carry any paper from the exam room. exam date and the time. The results would be available on the IAI website. you need to fill the student membership registration form (available on the IAI Website) and send it to IAI along with your choice of exams for the November 2012 session.
Can I appear for November 2012 exams after passing the entrance exam in June 2012? Yes. The decision of IAI in this regard will be absolute and final. Refer Q 17 above. IAI will reject applications from Countries/Nationalities “alien” to India and any other Nationality/Country that IAI may consider it should not conduct its examinations for. Also once your membership is accepted and you receive the student membership number.
302. However. the Entrance Exam helpdesk at entryexam@actuariesindia. there is only one entry exam window – 29th/ 30th June 2012 available before November 2012 . voter ID card or PAN card).org
Q 27 What do I do in case all the above avenues fail? Post an e mail at “Ask the President” on the IAI Website. No mobile or any other kind of communication medium will be allowed inside the exam hall.actuariesindia.org 022-67843333. Mumbai . re-appear in the entry exam later during the year.actuariesindia. The rough sheets used should be destroyed after the exam within the exam room. a government issued photo Id proof (UID card. driving license. Off D N Road. an approved scientific calculator (refer Q14) and some blank sheets of paper and pens for rough calculations.142. passport.400 001
+ 91 22 67843333
What do I need to carry to the exam centre? You will need to carry your exam admit card.
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Visit us at: www. However a candidate can again register. You will not be allowed to carry any material other than those specified above in the exam center. Fort Street.
Can an examinee take more than one attempt at this exam? Yes.org. You are not allowed to carry any paper from the exam room. Note that the entry exam email and phone numbers would be active only after 05th April 2012 or
Q 26 Who do I contact for general enquiries if any not covered by above FAQs in this regard prior to registration? Please contact 022-67843333. The dates for the next ACET would be declared later. students who have failed this exam earlier can apply again. Note that your entry to the examination hall would be subject to verification of your valid ID proof The IAI or the exam center will not supply any of these materials at the exam venue. Indian Globe Chambers. www.
Who do I contact if I don’t get the email from IAI or if the registration process fails? Please contact the Entrance Exam helpdesk at entryexam@actuariesindia.