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CAA Global Module-0 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Probability and Statistics | 40% | - Measures of location, dispersion and correlation - Statistical inference and hypothesis testing - Discrete and continuous probability distributions - Data presentation and analysis - Basic probability theory |
| Introduction to Actuarial Concepts | 10% | - Basic actuarial applications - Overview of actuarial work and risk management |
| Fundamental Mathematics | 30% | - Mathematical constants and standard functions - Sequences and series - Numerical methods - Differential and integral calculus - Algebra, equations and inequalities |
| Financial Mathematics Basics | 20% | - Annuities and perpetuities - Time value of money - Interest rates and discounting - Basic investment and cash flow concepts |
CAA Global Entry exam of the Certified Actuarial Analyst qualification Sample Questions:
1. Identify which of the following statements is not always true about a probability experiment.
A) The sum of the probabilities of all possible outcomes must be 1.
B) The probability of an event occurring equals the number of outcomes in the event space divided by the total number of possible outcomes in the sample space.
C) The sum of the probabilities of all possible events could be more than 1
D) The probability of an event must lie in [0,1].
2. Consider the function
Calculate the anti-derivative of f(x).
A)
B)
C)
D)
A) Option A
B) Option C
C) Option D
D) Option B
3. Express the following using Pi notation:
A)
B)
C)
D)
A) Option A
B) Option C
C) Option D
D) Option B
4. Identify which of the following statements is true,where X is a discrete random variable that exists over the domain [a. b], and F(x) is its distribution function.
A)
B)
C)
D)
A) Option A
B) Option C
C) Option D
D) Option B
5. The particular solution of the second-order difference equation
Determine the values of(A, B).
A) (5,-2)
B) (-2, 3)
C) (-3, 2)
D) (-2,5)
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: A |





