Tuesday, 5 November 2013

Actuarial Sciences: Frequently Asked Questions

Frequently Asked Questions:

Q. How frequently will the entrance exam be held? 
A. The exam will be held at least twice in a year. As of now the planned months are: December and June.

Q. What is the mode of examination? Is it online or offline?
A. It is a computer based examination where the examinees have to be present at t heir chosen testing centre administered initially in forty one cities within India at fifty one centers.

Q. What is the structure of Exam?  e.g. Duration, distribution of questions, marks and others.
A. The exam will have multiple choice questions with one correct answer for each question. The exam will be conducted online at a pr e-selected test center at a specified time on either one of the 2 days selected by you. 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
       05 questions – 5 marks each

Q. Is there any penalty (Negative Marking) for wrong answers? 
A. Yes, there would be negative marking for incorrect answers. The incorrect answer will deduct half of the weight age of marks e.g. for an incorrect answer to a 1 mark question 0.5    mark will be deducted and for an incorrect answer to the 5 marks question 2.5 marks will be deducted.

Q. When will the results be declared? 
A. The results are normally declared within 10 days from the date of the exam. The results would be available on the IAI website.

Q. What steps have to be taken after passing ACET?
A. To know steps and procedures to be followed after passing ACET, click here.

For more FAQs, click here

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