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Hello,

First of all in order to iniatiate preparation for any exam, candidates need to be well acquainted with exam pattern and syllabus ACET is conducted for three years having a total of 70 questions from sections such as

Mathematics with 30 marks has topics from Numerical Methods,Algebra,Integration,Vectors,Matrices, Differentiation, Notion and Standard Functions

Statistics with 30 marks has topics from Permutations and Combinations,Types of Data,Measures of Location,Measures of Spread, Probabilities,Advanced Probabilities,Discrete Random Variables,Continuous Random Variables,Discrete Distributions,Continuous Distributions,Correlation,Regression

English with 15 marks has topics from Vocabulary,Fill in the Blanks,Cloze Passage,English Usage or Grammar,Sentence Correction,  Jumbled Paragraph,Meaning-Usage Mismatch,Summary Questions,Verbal Reasoning,Facts/ Inferences or Judgement,Reading Comprehension, Analogies or Reverse Analogies

Data Interpretation with 15 marks has topics from Venn Diagrams, Bar Graphs, Pie Chart, Caselets, Tables, Column Graphs, Line Graphs

Logical Reasoning with 10 marks has topics from Logical Sequence,Logical Matching,Logical Connectives,Syllogism,Blood Relations, Numbers and Letters Series,Calendars,Clocks,Cubes,Venn Diagrams,Binary Logic,Seating Arrangement

Choosing the right study materials help in qualifying the exam successfully, some o the recommended books are

  • TOMATO (Test Of Mathematics at Ten plus Two-level published) by Indian Statistical Institute (ISI)
  • ACTED Study Material - FAC and STATS PACK by Actuarial Education Company
  • How to Prepare for Verbal Ability and Reading Comprehension for CAT by Arun Sharma and Meenakshi Upadhyay, Mc Graw Hill
  • Trishna’s Data Interpretation and Logical Reasoning for the CAT and other MBA Entrance Examinations by T.I.M.E
  • How to prepare for Quantitative Aptitude for the CAT Editor by Arun Sharma
  • Problem Primer for the Olympiad Editors by C R Pranesachar, B J Venkatachala, C S Yogananda
  • Quantitative Aptitude for Competitive Examinations Editor by Abhijit Guha
  • An Excursion in Mathematics Editors byM. R. Modak, S. A. Katre, V. V. Acharya, V. M. Sholapurkar
  • The Pearson and Guide to Verbal Ability and Logical Reasoning for the CAT Editor by Nishit K. Sinha
  • Challenging Mathematical Problems with Elementary Solutions Editors by A.M. Yaglom and I.M. Yaglom
  • Quantitative Aptitude for MBA Entrance Examinations Editor by R.S. Aggarwal
  • Challenge and Thrill of Pre-College Mathematics by New Age International Publishers
  • High School English Grammar and Composition by Wren and Martin
  • Word Power Made Easy Editor by Norman Lewis
  • Problem Solving Strategies Editor  by Arthur Engel

Go through previous year paper available at our page at https://finance.careers360.com/articles/acet-study-material, this will help you in knowing more details about the exam, help you analyze the areas which need further improvement, also your time management skills will improve

Continue doing revision on a daily basis along with applying mock papers and test series, this will help tremendously in the success of the exam.

Hello,

ACET is Actuarial Common Entrance Test which is conducted by IAI. If you want to enroll as student members of IAI so you can go for this.

After cleaning ACET you have to clear 15papers prescribed by IAI to be awarded by FIAI. It could take 4 to 6 years to clear all 15 papers.

It's a very good department but choice is totally yours.

If you want then go for it and if you not then decision is your.

All the best.

Hello,

Here is the list of some reference books For ACET exam preparation:

1. TOMATO (test of mathematics at ten plus two level published) by Indian statistical institute

2. ACTED study material - FAC and STATS PACK by Actuarial Education company

3. how to prepare for verbal ability and reading comprehension for CAT by Arun Sharma and Meenakshi Upadhyay, Mc graw Hill

4. Trishna data interpretation and logical reasoning for the CAT and other MBA entrance examinations by TIME

5. How to prepare for quantitative aptitude for CAT editor by Arun Sharma

6. Problems primer for the Olympiad editor by CR pranesachar, BJ Venkatachala, CS Yogananda

7. Quantitative aptitude for competitive examinations editor by Abhijit Guha

8. An excursion in mathematics editor by MR Modak, SA katre, VV Acharya, VN Sholapurkar

For more relevant information, you may visit here:
https://finance.careers360.com/articles/acet-study-material


Hope this helps, all the best.

Hi,

I would suggest that whatever help you think you need for your entrance exam you should take it. Every book has its own value. If you think that you can gain from some book you should buy it depending on your needs.

Dear Aspirant,

The "ActuarialCommon Entrance Test" (ACET) is an entrance exam for those who want to join as the members of the Institute of Actuaries of India (IAI) and plan to take & qualify in the various actuarial examinations conducted by the Institute of Actuaries India. ACET is conducted twice in a year.After clearing the ACET, a candidate needs to clear a series of 15 papers prescribed by the IAI to be awarded the Fellowship in Actuary (FIAI) to be designated as a Qualified Actuary.

The ACET Examination syllabus is as follows:
1.Mathematics.
2. Statistics.
3. English.
4.Logic.
5.Data Interpretation.

As per your query - Alebra subject comes under Mathematics.
Question pattern of Alegbra in ACET:
1. Manipulate algebraic expressions involving powers, logs, polynomials and
fractions.
2. Solve simple equations, including simultaneous equations by rearrangement, substitution, cancellation, expansion and factorisation.
3. Solve an equation that can be expressed as a quadratic equation by factorisation, by “completing the square” or by applying the quadratic formula, and identify which of the roots is appropriate in a particular context.
4. Solve inequalities (“inequations”) in simple cases and understand the concept of a “strict” or “weak” inequality.
5. State and apply the arithmetic-geometric mean inequality, and know the conditions under which equality holds.
6.Understand and apply the Σ and Π notation for sums and products, including
sums over sets and repeated sums.
6. Calculate the sum of a series involving finite arithmetic or geometric progressions or non-terminating geometric progressions using the formulaes and be able to determine when a non-terminating geometric series converges.           7.Solve simple first or second order difference equations including applying boundary conditions by inspection or by means of an auxiliary equation.


All the Best!!

Prathamesh Halankar

hey,

here are the book recommendations for ACET preparation

1. TOMATO (test of mathematics at ten plus two level published) by indian statistical institute (ISI)

2. ACTED study material - FAC and STATS PACK by actuarial education comapany

3. how to prepare for verbal ability and reading comprehension for CAT by arun sharma and meenakshi upadhyay , Mc graw hill

4. trishna's data interpretation and logical reasoning for the CAT and other MBA entrance examinations  by T.I.M.E

5. how to prepare for quantitative aptitude for the CAT editor by arun sharma

6. problem primer for the olympaid editors by CR pranesachar , BJ venkatachala , CS yogananda

7. qunatitative aptitude for competitive examinations editor by abhijit guha

8. an excursion in mathematics editors by M.R modak , .S.A katre, V.V Acharya , V.M sholapurkar

for more books and details  go through the link

https://finance.careers360.com/articles/acet-study-material

hope this helps!


Hello aspirant,

The Actuarial Common Entrance Test (ACET) is is conducted by the IAI (Institute of Actuaries of India) , to have best results its very important to have good study materials and a proper guidance about the exam, and what you ask for is the books and sources of information and regarding the same we have an article, Please visit this site and you will be able to know the best books for practicing and learning, these books are suggested by the experts and are best for this exams.

https://finance.careers360.com/articles/acet-study-material

I hope it helps

Hello Monish!

Yes , Binomial Theorem is asked in ACET in the topic Discrete distributions.

Following is the complete details of the mathematics syllabus :


a) Notation and standard functions
b) Numerical Methods
c) Algebra
d) Differentiation
e) Integration
f) Vectors
g) Matrices

2) Statistics
a) Permutations and combinations
b) Types of data
Statistical diagrams, bar chart, histogram, dot plot, stem-and-leaf, boxplot
c) Measures of location
mean, median, mode
d) Measures of spread
range, interquartile range, standard deviation, variance, Skewness
e) Probabilities
basic rules of probabilities
f) Advanced probabilities
tree diagrams, conditional probabilities
g) Discrete random variables
definitions, probabilities, mean, mode, median, standard deviation, variance, coefficient of skewness
h) Continuous random variables
definitions, probabilities, mean, mode, median, standard deviation, variance, coefficient of skewness
i) Discrete distributions
discrete uniform, Bernoulli, binomial, Poisson
j) Continuous distributions
continuous uniform, exponential, the normal distribution
k) Correlation
scatter plots, covariance, correlation coefficient
l) Regression

Hope it helps !

Are your asking about Actuarial Common Entrance Test as the tag says different. You can go through the link below where you can get previous few years exam papers and solution link. But I will suggest you to solve the papers by your own.

https://finance.careers360.com/articles/acet-study-material

The Institute of Actuaries of India website has a lot of reference books that can be used.

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