Actuators Educational Institute

CM1 MCQ #29

Female mortality is observed to be lower than male mortality at all ages. Which contract will have a higher reserve - assuming the same benefits are paayble under both contracts and the same premiums are paid. (I) A whole life assurance issued to a 45 year old male (II) A whole life assurance issued to a 45 year old female ?

1 week ago | [YT] | 1

Actuators Educational Institute

CS2 MCQ #29

You are investigating mortality experience for the whole of the calendar years 1999 and 2000. A life being observed in this investigation attained exact age 54 on 1-06-2000 and died on 25-10-2000. Calculate to the nearest number of weeks, the contribution of the above life to the central exposed to risk for a population of lives aged 54 last birthday.

1 week ago | [YT] | 2

Actuators Educational Institute

CS1 MCQ #29

In a jute selling company the record of type of jute sold, the price at which it was sold, quantity of jute sold, name of the party and the payment method is recorded at the time of sale in a spreadsheet. This is an example of?

1 week ago | [YT] | 4

Actuators Educational Institute

CB2 MCQ #29

Structural unemployment is unemployment that:

2 weeks ago | [YT] | 1

Actuators Educational Institute

CB1 MCQ #29

A project having a life of one year is started with initial investment of 100 lakhs with 10% cost of capital. It’s NPV and IRR is found to be 10 lakhs and 21%. If cost of capital is changed to 11% then which of the following is true?

2 weeks ago | [YT] | 1

Actuators Educational Institute

CM2 MCQ #28

Which of the below statement is not true?

2 weeks ago | [YT] | 3

Actuators Educational Institute

CM1 MCQ #28

For a term assurance contract with a fixed term, how will the annual premium change as the age at entry increases from ages 25 and above?

2 weeks ago | [YT] | 2

Actuators Educational Institute

CS2 MCQ #28

Which of the below statements is (or are) true?
Statement I: In the scenario of corona virus, non-parametric model should be used to model the hazard rate.
Statement II: In the modelling of hazard rate of young and matured annuitants of a country with well established database non-parametric model should be used.

2 weeks ago | [YT] | 3

Actuators Educational Institute

CS1 MCQ #28

A lorry company owned 10 lorries: 4 lorries were of grade A; 2 lorries were of grade B and rest were from grade C. Out of that 1 lorry was randomly selected from each grade. This is a combination of what kind of sampling method(s).

2 weeks ago | [YT] | 0

Actuators Educational Institute

CB2 MCQ #28

In the short run, a loss-making firm that seeks to maximise profits will continue to produce if:

3 weeks ago | [YT] | 1