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CAA Global Module-0 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Introduction to Actuarial Concepts | 10% | - Basic actuarial applications - Overview of actuarial work and risk management |
| 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 |
| Financial Mathematics Basics | 20% | - Annuities and perpetuities - Time value of money - Interest rates and discounting - Basic investment and cash flow concepts |
| Fundamental Mathematics | 30% | - Mathematical constants and standard functions - Sequences and series - Numerical methods - Differential and integral calculus - Algebra, equations and inequalities |
CAA Global Entry exam of the Certified Actuarial Analyst qualification Sample Questions:
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].
Correct Answer: C 🗳️
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
Correct Answer: A 🗳️
Express the following using Pi notation:
A)
B)
C)
D)
- A. Option A
- B. Option C
- C. Option D
- D. Option B
Correct Answer: A 🗳️
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
Correct Answer: A 🗳️
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)
Correct Answer: A 🗳️
