A Gateway To Actuarial Exams – ACET Changed

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Institute and Actuaries of India announced new syllabus and Exam pattern for Actuarial Common Entrance Test (ACET) Exam last week. I personally welcome this move by IAI as new syllabus makes more sense to me as compared to previous syllabus. Here is little details of new syllabus.

ACET NEW SYLLABUS
No of Subjects – 5 (Previously 2 subjects were tested in Exam)
1. Mathematics
2. Statistics
3. English
4. Data Interpretation
5. Logic

Here is syllabus of each subject in brief as posted by institute:
1. MATHEMATICS
i. Notation and standard functions
ii. Numerical Methods
iii. Algebra
iv. Differentiation
v. Integration
vi. Vectors
vii. Matrices
This syllabus of Maths is more or less same as previous syllabus of FAC.

2. STATISTICS
a) Permutations and combinations
b) Types of data
c) Measures of location
d) Measures of spread
e) Probabilities
f) Advanced probabilities
g) Discrete random variables
h) Continuous random variables
i) Discrete distributions
j) Continuous distributions
k) Correlation
l) Regression
This is also similar to Stats Pack issues till last exams.

3. ENGLISH
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

Vocabulary: Vocabulary questions test the candidate’s knowledge of the primary meanings of words, secondary shades of meaning, usage, idioms and phrases, antonyms, related words, etc.

Grammar: Grammar-based questions test the candidate’s ability to spot and correct grammatical errors. It should generally tests knowledge of high school level grammar and includes areas like subject-verb agreement, use of modifiers, parellel construction, redundancy, phrasal verbs, use of articles, prepositions, etc.

Verbal Reasoning: Verbal reasoning questions are designed to test the candidate’s ability to identify relationships or patterns within groups of words or sentences.

4. 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.

5. 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

Reference Books for ACET Examination

1. TOMATO (Test Of Mathematics at Ten plus Two level published by ISI)

2. How to Prepare for Verbal Ability and Reading Comprehension for
CAT by Arun Sharma and Meenakshi Upadhyay, Mc Graw Hill

SOURCE – Institute of Actuaries of India Website.
Click Here for NEW EXAM PATTERN.


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