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CAA Global Module-0 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Introduction to Actuarial Concepts | 10% | - Basic actuarial applications - Overview of actuarial work and risk management |
| Topic 2: Probability and Statistics | 40% | - Basic probability theory - Statistical inference and hypothesis testing - Measures of location, dispersion and correlation - Data presentation and analysis - Discrete and continuous probability distributions |
| Topic 3: Fundamental Mathematics | 30% | - Numerical methods - Mathematical constants and standard functions - Sequences and series - Differential and integral calculus - Algebra, equations and inequalities |
| Topic 4: Financial Mathematics Basics | 20% | - Interest rates and discounting - Time value of money - Basic investment and cash flow concepts - Annuities and perpetuities |
CAA Global Entry exam of the Certified Actuarial Analyst qualification Sample Questions:
1. Evaluate
A) 
B) 
C) 
D) 0
2. A weekly pet insurance premium is given by a solution of the following equation:
4x2-11x-3 = 0
Calculate the premium.
A) -£0.75
B) -£1
C) -£3
D) -£0.25
3. Let x and y be two positive real numbers.
Rewrite the following equation such that y becomes the subject of the formula:
A)
B)
C)
D)
A) Option C
B) Option A
C) Option D
D) Option B
4. A basketball squad contains 7 players. The team that lines up on the court tor the start of a match contains 5 ofthe players Calculate how many different teams can be fielded from the squad of 7 players
A) 21
B) 2,520
C) 35
D) 7
5. Identify which of the following statements is not true.
A) The coefficient of skewness for a symmetric distribution is 1.
B) The variance is the square of the standard deviation.
C) The skewness is a measure of the asymmetry of a probability distribution about the mean.
D) The standard deviation is a measure of how much variation from the mean exists in a probability distribution.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: D |
