IFoA IFoA_CAA_M0 CAA Exam Practice Test Instant Access

Question 1

Calculate which of the following is a simplification of (1 + x)2- x2+ ln(e3x).

A1 + 2x

B1 + 3x

C1 + 5x

D1 + 2x + x3

Answer : C

Question 2

Identify which of the following involves weak inequality.

AOption A

BOption B

COption C

DOption D

Answer : B

Question 3

Calculate the partial derivative

AOption A

BOption B

COption C

DOption D

Answer : C

Question 4

An individual purchases a share in a company at a price of 45. Six months later he sells the share for 39.

Calculate the percentage change in the value of the share over the six month period, correct to one decimal place.

A-15.4%

B-13.3%

C13.3%

D86.7%

Answer : B

Question 5

A recurrence relation is given by: Un = 2Un - 1 + 3

If U0 = 0, calculate U2 =

C13

D21

Answer : B

Question 6

Consider the vector U = (3, -1, 5).

Calculatethe magnitude of vector U to two decimal places.

A2.65

B5.92

C7.00

D9.00

Answer : B

Question 7

Determinewhich of the statements is true about the root(s) of the following equation:

AThere is only one real root which takes a positive value.

BThere is only one real root which takes a negative value.

CThere are two real roots, r1and r2, where r1is positive and:r1 = - 0.5 r2

DThere are two real roots, r1 and r2, where r1is positive and:r1 = - 2 r2

Answer : C

IFoA Certified Actuarial Analyst IFoA_CAA_M0 CAA Exam Practice Test