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CAA Global Module-0 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Financial Mathematics Basics | 20% | - Basic investment and cash flow concepts - Interest rates and discounting - Annuities and perpetuities - Time value of money |
| Probability and Statistics | 40% | - Measures of location, dispersion and correlation - Data presentation and analysis - Basic probability theory - Statistical inference and hypothesis testing - Discrete and continuous probability distributions |
| Introduction to Actuarial Concepts | 10% | - Overview of actuarial work and risk management - Basic actuarial applications |
| Fundamental Mathematics | 30% | - Differential and integral calculus - Mathematical constants and standard functions - Algebra, equations and inequalities - Sequences and series - Numerical methods |
CAA Global Entry exam of the Certified Actuarial Analyst qualification Sample Questions:
1. Calculate the sum of the following series: 3, -6,12, -24,..., -1.536.
A) -1,023
B) 3,069
C) -60
D) -3,833
2. Identify which of the following statements are true.
I.Skewness measures how peaked a set of data is
II.Skewness is a measure of asymmetry of the distribution of the data about its mean.
III. For a symmetrically distributed data, the mean equals the median but not necessarily the mode IV. The value of a measure of skewness can be positive, zero or negative.
A) I and III only
B) I and II only
C) II, III and IV only
D) II and IV only
3. Determine
A)
B)
C)
D)
A) Option B
B) Option C
C) Option D
D) Option A
4. A set of 17 observed values is being studied.
Identify which of the following statements is/are true.
I The median must be equalto one of the observed values.
II. The mean could be different from all of the observed values.
Ill If the observations are positively skewed, then the mean is less than the median IV. More than one mode is not possible.
A) III only
B) I only
C) I and II only
D) II and IV only
5. 
A) 1.224
B) 2,056
C) 3,286
D) 986
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: D |


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