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| Certification Vendor: | CAA Global |
| Exam Name: | Entry exam of the Certified Actuarial Analyst qualification |
| Exam Number: | Module-0 |
| Real Exam Qty: | 60 |
| Exam Duration: | 120 minutes |
| Exam Format: | Computer-based, Multiple-choice questions |
| Certificate Validity Period: | No fixed expiry; remains valid for progression |
| Available Languages: | English |
| Passing Score: | Varies by sitting, approximately 55%-65% |
| Exam Price: | £185–£250 / $230–$310 USD (varies by region/membership) |
| Related Certifications: | Module-1 Finance and Financial Mathematics Module-2 Statistics and Models Module-3 Long Term Actuarial Mathematics Module-4 Short Term Actuarial Mathematics Module-5 Models and Audit Trails Online Professional Awareness Test (OPAT) |
| Recommended Training: | CAA Global Learning Resources CAA Global Module-0 Resource Guide |
| Exam Registration: | CAA Global Official Registration Pearson VUE Scheduling |
| Sample Questions: | CAA Global Module-0 Sample Questions |
| Exam Way: | Computer-based testing at Pearson VUE centers or remote online proctored |
| Pre Condition: | No formal prerequisites; open to all candidates. Recommended background in high school or undergraduate level mathematics |
| Official Syllabus URL: | https://www.caa-global.org/certification/module-0 |
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Fundamental Mathematics | 30% | - Sequences and series - Differential and integral calculus - Numerical methods - Algebra, equations and inequalities - Mathematical constants and standard functions |
| Topic 2: Financial Mathematics Basics | 20% | - Time value of money - Basic investment and cash flow concepts - Annuities and perpetuities - Interest rates and discounting |
| Topic 3: Introduction to Actuarial Concepts | 10% | - Overview of actuarial work and risk management - Basic actuarial applications |
| Topic 4: Probability and Statistics | 40% | - Discrete and continuous probability distributions - Measures of location, dispersion and correlation - Statistical inference and hypothesis testing - Data presentation and analysis - Basic probability theory |
1. Identify which of the following statements about the mean of a data set is correct.
A) It is a measure of the variability of the data.
B) It is a measure of the spread of the data.
C) It is a measure of the range of the data.
D) It is a measure of the central tendency of the data.
2. Identify which of the following statements about statistical measures for a set of data is false.
A) The range is always greater than or equal to zero.
B) The sample variance is always smaller than or equal to the largest value.
C) The sample variance is always greater than or equal to zero.
D) The range can be greater than the largest value.
3. Identify which of the following quantities can always be derived from a box plot of a data set.
I.Mean
II.Median
III. Mode
IV. Range
V.Sample size
A) I and III only
B) I and II only
C) IV and V only
D) II and IV only
4. Identify which of the following statements is not always true about a probability experiment.
A) 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.
B) The sum of the probabilities of all possible events could be more than 1
C) The probability of an event must lie in [0,1].
D) The sum of the probabilities of all possible outcomes must be 1.
5. Identify which of the following statements is true,where X is a discrete random variable that exists over the domain [a. b], and F(x) is its distribution function.
A)
B)
C)
D)
A) Option D
B) Option A
C) Option B
D) Option C
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: D | Question # 3 Answer: D | Question # 4 Answer: B | Question # 5 Answer: B |
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