CAA Global Module-0 : Entry exam of the Certified Actuarial Analyst qualification

Module-0 real exams

Exam Code: Module-0

Exam Name: Entry exam of the Certified Actuarial Analyst qualification

Updated: Oct 01, 2026

Q & A: 57 Questions and Answers

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CAA Global Module-0 Exam Syllabus Topics:

SectionObjectives
Topic 1: Basic Mathematics- Arithmetic
  • 1. Ratios and proportions
  • 2. Algebraic manipulation
  • 3. Fractions and percentages
- Functions and Equations
  • 1. Linear equations
  • 2. Quadratic equations
  • 3. Graphs and functions
Topic 2: Probability- Probability Fundamentals
  • 1. Independent events
  • 2. Conditional probability
  • 3. Basic probability rules
Topic 3: Statistics- Statistical Concepts
  • 1. Sampling concepts
  • 2. Statistical calculations
  • 3. Basic distributions
- Descriptive Statistics
  • 1. Variance and standard deviation
  • 2. Mean, median and mode
  • 3. Data presentation and interpretation

CAA Global Entry exam of the Certified Actuarial Analyst qualification Sample Questions:

Question #1

Identify which of the following statements is correct.

  • A. is equal to x.
  • B. can be greater than or less than x.
  • C. is greater than x
  • D. is less than x
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #2

Identify which of the following statements is correct.
A continuous random variable is one that:

  • A. can take one of an infinite number of values.
  • B. can take one of a finite number of values
  • C. must be approximated using a discrete random variable.
  • D. can only take positive values.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #3

A snack bar does not give an itemised bill tor drinks In the past three visits, the total bills have been:
1) Three teas, two coffees and one lemonade cost £9.80
2) One tea four coffees and two lemonades cost £13.60
3) Two teas, two coffees andtwo lemonades cost£10
Calculate the price for a single coffee, given the prices have been the same for the three visits.

  • A. £2.48
  • B. £2.05
  • C. £1.20
  • D. £2.40
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Question #4

Let X and Y be two independent random variables.
Identify which of the following statements is false.

  • A. E[2X] = 2E [X
  • B. E[X2] = E[X]E[X]
  • C. E [XY] E [X] E [Y]
  • D. E[X-Y] =E [X] - E [Y]
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #5

Determine which of the following statements is not true about the binomial expansion of (1+x)p, assuming p is real.

  • A.
  • B.
  • C. it converges when p is a p positive integer.
  • D.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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