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CAA Global Module-0

Module-0

Exam Code: Module-0

Exam Name: Entry exam of the Certified Actuarial Analyst qualification

Updated: Sep 01, 2026

Q & A: 57 Questions and Answers

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CAA Global Module-0 Exam Syllabus Topics:

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

Question 1

Calculate the scalar product of the vectors A and B. where A = (5,10, 2) and B - (2. 3, 3).

A. (10,30,6)
B. 136
C. 118
D. 46


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


Question 3



A)

B)

C)

D)

A. Option C
B. Option D
C. Option A
D. Option B


Question 4

Differentiate f(x) with respect to x, where
A)

B)

C)

D)

A. Option C
B. Option D
C. Option A
D. Option B


Question 5

The distribution of test scores from a recent clinical drug study have been tabulated below.
Determine i) whether the distribution of test scores are symmetric positively skewed or negatively skewed, and ii) the sample median value.

A. i) Positively skewed, ii) 3
B. i) Negatively skewed, ii) 3
C. i) Positively skewed, ii)
D. i) Symmetric, ii) 4


Solutions:

Question 1
Answer: A
Question 2
Answer: B
Question 3
Answer: B
Question 4
Answer: D
Question 5
Answer: A

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