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CAA Global Module-0 Exam Syllabus Topics:

SectionWeightObjectives
Fundamental Mathematics30%- Mathematical constants and standard functions
- Differential and integral calculus
- Sequences and series
- Numerical methods
- Algebra, equations and inequalities
Financial Mathematics Basics20%- Basic investment and cash flow concepts
- Annuities and perpetuities
- Interest rates and discounting
- Time value of money
Probability and Statistics40%- Measures of location, dispersion and correlation
- Statistical inference and hypothesis testing
- Basic probability theory
- Discrete and continuous probability distributions
- Data presentation and analysis
Introduction to Actuarial Concepts10%- Overview of actuarial work and risk management
- Basic actuarial applications

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

1. Identify the necessary and sufficient condition under which the quadratic equation ax2+ 2a2x + a3= 0 hasone repeated real root.

A) a = 0
B) a0
C) a<0
D) a>0


2. Identify which of the following statements is not always true about a probability experiment.

A) The probability of an event must lie in [0,1].
B) The sum of the probabilities of all possible events could be more than 1
C) 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.
D) The sum of the probabilities of all possible outcomes must be 1.


3. Express the following using Pi notation:

A)

B)

C)

D)

A) Option B
B) Option C
C) Option D
D) Option A


4. Identify which of the following values is represented by:

A) The change in the gradient off(x) between A and B.
B) The average gradient off(x) between A and B.
C) The total increase in the value of f(x) between A and B.
D) The total area under the graph of f(x) between A and B.


5. Calculate the single extreme point of the function:

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


Solutions:

Question # 1
Answer: D
Question # 2
Answer: B
Question # 3
Answer: D
Question # 4
Answer: D
Question # 5
Answer: C

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