About CAA Global Module-0: Entry exam of the Certified Actuarial Analyst qualification

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CAA Global Module-0 Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: Fundamental Mathematics	30%	- Algebra, equations and inequalities - Numerical methods - Sequences and series - Differential and integral calculus - Mathematical constants and standard functions
Topic 2: Probability and Statistics	40%	- Basic probability theory - Measures of location, dispersion and correlation - Statistical inference and hypothesis testing - Discrete and continuous probability distributions - Data presentation and analysis
Topic 3: Introduction to Actuarial Concepts	10%	- Overview of actuarial work and risk management - Basic actuarial applications
Topic 4: Financial Mathematics Basics	20%	- Interest rates and discounting - Basic investment and cash flow concepts - Annuities and perpetuities - Time value of money

CAA Global Entry exam of the Certified Actuarial Analyst qualification Sample Questions:

Question 1

Calculate the single extreme point of the function:

A. (0.1)
B. (0,4)
C. (0,2)
D. (1.1)

Question 2

Consider the function f(x)x2 6x=20. This functions has a stationary point at x=3.
Determine the nature of this stationary point and how we know this to be true.

A. It is a maximum stationary point because the second derivative of the function with respect to x takes the value 2, which is positive.
B. It is a minimum stationary point because the value of the function at x = 3 is 11, which is positive.
C. It is a minimum stationary point because the second derivative of the function with respect to x takes the value 2 which is positive.
D. It is a maximum stationary point because the value of the function at x = 3 is 11, which is positive.

Question 3

Determine which of the following function is equal to (2+ x)3

A. 1+ 3x + 3X2+ x3
B. 8 + 4x + 2X2+ x3
C. 6+ 3x + 3X2+ x3
D. 8 + 12x + 2X2+ x3

Question 4

Determine the binomial expansion of (2x-X2)3.

A. -X6+8x3
B. -x6+3x5-3x4+x3
C. -x8+2xa-4x4+8x3
D. -x6+2x5-4x4+8x3

Question 5

A)

B)

C)

D)