About CAA Global Module-0 Exam

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CAA Global Module-0 Exam Syllabus Topics:

Section	Weight	Objectives
Fundamental Mathematics	30%	- Algebra, equations and inequalities - Differential and integral calculus - Mathematical constants and standard functions - Sequences and series - Numerical methods
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 - Discrete and continuous probability distributions - Data presentation and analysis - Basic probability theory - Statistical inference and hypothesis testing
Financial Mathematics Basics	20%	- Annuities and perpetuities - Basic investment and cash flow concepts - Interest rates and discounting - Time value of money

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

1. Consider the function f(x) =x2- 5x - 3
The value of one of the roots of the above equation can be obtained by using the iteration formula

Apply the iteration formula to determine the value of the root.

A) 0.54
B) 4.40
C) 1.54
D) 5.53

2. The volume of a cone can be determined by summing up the infinitesimal circular cross-sections of the cone across the length of the cone Consider the function f(x) = x2 for x contained in [0,1].

Now consider an infinitesimal circular cross-sectional element of width dx and radius r = f(x) Determine the volume of the cone enclosedby the function f(x) by considering the volume of each circular cross-sectional element (Recall thatthe sum of infinitesimal elements can be represented as an integral Recall also that the area of a

circle is
A)

B)

C)

D)
1