How many papers of acturial science are mcq based
Asked by Vivek Rana
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2 Answers
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Only 1 exam in actuarial science is MCQ based known as IFOA.
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Actuarial Common Entrance Test is conducted by Institute of Actuaries of India in online mode across the country. The exam comprises of two papers such as Mathematics and Statistics. There will be a total of 55 multiple choice objective type questions in the exam. Of these 25 questions carry one mark each and next 25 questions carry 2 marks each. Last 5 questions carry 5 marks each. Candidates will be allotted 2 hours to answer all questions. Maximum marks allotted for the exam is 100. Half mark will be deducted for each wrong answer. Candidates are allowed to use scientific calculators in this exam.
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