Institute of Actuaries of India

Sample Questions - ACET

Mathematics
1. If the range of a function is a singleton set, then it is

a) an identity function
b) a one to one function
c) a constant function
d) a bijective function. 1mark

2. The Maclaurin series of sin x is

a)
b)
c)
d) 1mark

3. A plant reaches the height of 5 cm in 7 days and 10 cm in 17 days. By using linear

interpolation, the approximate height of the plant in 15 days is

a) 6.0 cm
b) 7.5 cm
c) 8.8 cm
d) 9.0 cm 1mark

4. If and β are the roots of then one of the following

statements is incorrect. Which one is it?

a)
b)
c)
d) 2 marks

5. The roots of the quadratic polynomial are

a) -4,-5
b) -4,5
c) 9,20
d) 4,5 1 mark
6. If and , then is equal to
a) sin
b) cos
c) cot
d) tan 2 marks

7. ose is
a) 0
b) 1
c) ∞
d) 3 marks

8. If and is real, then f is increasing in the interval

a) (-
b)
c)
d) 3 marks

9. The curve has a point of inflexion at .Then

a)
b)
c)
d) 2 marks.

10. The value of is equal to

a)
b)
c)
d) 1 mark

11. The value of is equal to

a)
b)
c)
d) 1 mark
12. The value of ; m positive integer is
a)
b)
c)
d) 3 marks

13. If A= , then A2 is equal to

a)
b) –
c) 0
d) 1 mark

14. The inverse of the matrix is

a)

b)

c)

d) 1 mark

15. The angle between the vectors - + and - + + is

a) 450
b) 600
c) 900
d) 1350 2 marks
 Statistics
16. The value of is

a) 30
b) 31
c) 32
d) 20 1 mark

17. The mean of consecutive positive integers from 2 to n is

a)
b)
c)
d) 1 mark

18. The interquartile range of the following numbers is

1, 6, 7, 3, 5, 9, 15, 12, 27, 18, 19

a) 9
b) 13
c) 11.5
d) 18 1 mark

19. If and are independent events such that , and

then the value of is

a) 5/7
b) 1/10
c) 1/3
d) 0 1 mark

20. A random variable X has the following discrete probability distribution.

0 1 2 3

The mean of X is
a) 1
b) 31/30
c) 6/5
d) 3/2 1 mark
21. The pdf of a continuous random variable X is given by
 ; - .
The value of k is
a)
b) 0
c)
d) 2 marks
22. For a Poisson distribution, it is given that . The variance
of the distribution is
a) 6
b) 36
c)
d) 4 2 marks

23. Which of the following distributions is certainly not appropriate for modeling the
annual number of claims arising from a group insurance policy of ten workers?
a) Binomial distribution
b) Poisson distribution
c) Normal distribution
d) Geometric distribution 1 mark

24. An insurance company has insured 2000 scooter drivers, 4000 car drivers and
6000 truck drivers. Each driver drives only one vehicle, and has the same chance
of making an accident. The company has learnt that one of these insured drivers
has crashed against a wall and that the vehicle involved was not a truck. What is
the probability that the vehicle was a car?
a)
b)
c)
d) 1mark

25. The joint probability mass function of X and Y is given in the following table.

X 0 1
Y
0 3/20 6/20
1 7/20 4/20

The Covariance between X and Y is

a)
b)
c)
d) 2 marks
26. While fitting a regression line Y on X and also of X on Y, a student computed
and The sample correlation coefficient between X and Y is

a)
b)
c)
d) 2 marks

Data Interpretation
Questions 27 to 33 are based on the Chart given below.

400
345
350

300

250
201
Crores 200 Net Profit

132 Turnover
150
106
100 65
42 43
50 30 28
1 1 1
0
1995-96 1996-97 1997-98 1998-99 1999-00 2000-01

All figures in crore Cost = Turnover – Net profit

27. In which year is the ratio of net profit to turn over the maximum?
a) 1997-98
b) 1998-99
c) 1999-00
d) 2000-01 2 marks

28. In which year is the cost the maximum?

a) 1997-98
b) 1998-99
c) 1999-00
d) 2000-01 1 mark

29. Cost over turnover is known as cost percentage. For which year is the cost
percentage maximum?
 a) 1997-98
b) 1998-99
c) 1999-00
d) 2000-01 1 mark

30. If the percentage rise in turnover in 2001-02 over 2000-01 is the same as the
percentage rise in 2000-01 over 1999-00 with the net profit in 2001-02 being the
same as in 2000-01, then what will be the cost in 2001-02?

a) 524
b) 525
c) 526
d) 527 1 mark

31. Using the data given in the above question, what percentage of the turnover is
the cost in 2001-02?
a) 88%
b) 89%
c) 90%
d) 91% 1 mark

32. For how many years is the turnover as a percentage of net profit more than 700
per cent?

a) 2
b) 3
c) 4
d) 5 2 marks

33. Which year witnessed the highest turnover percentage increase over the
previous year?

a) 2000-01
b) 1999-00
c) 1998-99
d) 1997-98 1 mark

Questions 34 to 38 are based on the information provided in the following table.

 Present and Past Users of Different Toilet Soaps
Present Users ( Number of People)
Lux Liril Dove Nivea No Soap Usage
Lux 200 65 100 70 55 490
Liril 50 280 60 70 40 500
Past Users Dove 80 55 80 25 0 240
( Number Nivea 140 40 0 50 40 270
of People) No Soap
Usage 200 25 0 40 190 455
670 465 240 255 325 1955

34. If from the present users, the total soap usage increases by 20% and Lux users
increase by 25%, approximately what percent of the soap using market would be
Lux users?
a) 41.8%
b) 42.8%
c) 43.8%
d) 44.8% 1 mark

35. If a soap user uses 1.5 kgs of soap a month on the average, what is the present
soap usage amongst the soap-users surveyed?

a) 2.2 tonnes/month
b) 2.25 tonnes/month
c) 2.445 tonnes/month
d) Cannot be determined 1 mark

36. What is the decrease in the usage of Liril as a percentage of the total present
soap users from the sample population?
a) 2.10%
b) 2.15%
c) No change
d) 2.20% 2 marks

37. If a new brand Palmolive is introduced into the market, and the brand shift to
Palmolive from the present users is Lux 10%, Liril 10%, Dove 8% and Nivea 6%,
how many users will Palmolive have?
 a) 148
b) 158
c) 168
d) 178 1 mark

38. Which of the following pie charts correctly represents the share of different
brands amongst the present soap users surveyed?

Lux
Liril
Dove
Nivea
No soap uasge
a)

Lux
Liril
Dove
Nivea
No soap uasge
b)

Lux
Liril
Dove
Nivea
No soap uasge
c)

Lux
Liril
Dove
Nivea
No soap uasge
d) 1 mark
 English
39. The politician has been told he will have to pay the fine _____ his influential
position.
a) even if
b) although
c) against
d) despite 1 mark

40. Find out the part which contains an error.

a) hardly had we settled down
b) startled on the loud noise being made outside the house
c) for the night's rest when we were
d) one hour ought to be enough time
1 mark

41. Fill the blank in the following sentence.

The scientist had copied the paper word _______ word.

a) by
b) in
c) for
d) from 1 mark

42. One word for “Without payment” is

a) Gratis
b) Hedonist
c) Stoic
d) Precious 1 mark

43. A synonym for Congenital is

a) Unhygienic
b) Indigenous
c) Suitable
d) Unsuitable 1 mark
44. Fill the blank in the following sentence.

It's a long walk tomorrow. We need to ___________ as early as possible.

a) set up
b) set in
c) set off
d) set about 1 mark

45. Fill the blank in the following sentence.

Often, we don't enjoy the ________ pleasures of life such as a beautiful sky, a
cup of tea with a friend or seeing a good film at the cinema.
a) sheer
b) simple
c) deep
d) plain 1 mark

46. Find out the alternative whi h will repla e ‘?’

Fear : Threat :: Anger : ?

a) Compulsion
b) Terror
c) Provocation
d) Force 1 mark

47. Find out the alternative whi h will repla e ‘?’

Tractor : Trailer :: Horse : ?

a) Stable
b) Saddle
c) Engine
d) Cart 1 mark

48. Choose the word which is least like the other words.
a) Deck
b) Quay
c) Stern
d) Bow 1 mark
49. Chose the word which is not a synonym of Bliss.

a) Cloud nine
b) Seventh Heaven
c) Walking on air
d) Walking on water 1 mark

50. Foreign investment has been simplified in India; __________ many foreign
investors are planning to enter India's market.

a) thus
b) even if
c) that's why
d) so as to 1 mark

51. _____________ cars are the most convenient way of transport, they are also the
major contributor to traffic.

a) Whenever
b) Whereas
c) On the other hand
1 mark
d) As long as

52. One word for a person who abandons his religious faith is

a) Apostate
b) Profane
c) Agnostic
d) Atheist 1 mark
53. The first and sixth sentences of a passage are given in the beginning and in the
end, respectively. The middle four sentences have been jumbled up. These are
labelled as P, Q, R and S. Find out the proper order for the four sentences.

S1: Many European cities have trams for local commutation.

P: As a result, there is horrendous congestion.
Q: It was going to be technically challenging.
R: They run down the center of the road
S: To ease it, many cities decided to build underground railway lines.
S6: The foundation stone was laid in 1972.

The proper sequence should be

a) PRSQ
b) PSQR
c) SQRP
d) RPSQ 2 marks

54. The first and sixth sentences of a passage are given in the beginning and in the
end, respectively. The middle four sentences have been jumbled up. These are
labelled as P, Q, R and S. Find out the proper order for the four sentences.

S1: Traffic is a big issue in Mumbai.

P: So many vehicles on road are the source of air pollution.
Q: Government is building some flyovers to ease the traffic congestion.
R: Another problem is air pollution due to traffic.
S: Daily commuting has become very difficult.
S6: Some new roads are also being planned.

The proper sequence should be

a) PQRS
b) SRPQ
c) SPRQ
d) QRPS 2 marks
55. Classify each of the statements given below as Fact (F), Inference (I), Judgment
(J).

I. Increasing air pollution is the biggest problem in Delhi.

II. The odd-even formula reduced the traffic but not the air pollution.
III. There are many other factors that contribute to air pollution along with
traffic.

a) JJF
b) FIF
c) FJJ
d) FIJ 2 marks

56. Classify each of the statements given below as Fact (F), Inference (I), Judgment
(J).

I. The government is doing a good job.

II. A recently conducted survey says that people are, in general, satisfied with
the government.
III. Government has announced a new scheme for unemployed people.

a) FIJ
b) JIF
c) FJI
d) IJF 2 marks

57. The meaning of the phrase “To take a thing lying down” is

a) to respect weaker people

b) to purchase discounted item
c) to submit without resistance
d) to avoid 2 marks

58. Choose the correct sentence.

a) It is probable that the new smartphone by Orange might be ready for testing
around the end of next year.
b) It is probable that the new smartphone by Orange will be ready for testing
toward the end of next year.
c) It is probable that the new smartphone by Orange may be ready for testing
about the end of next year.
 d) It is probable that the new smartphone by Orange might be ready for testing
toward next year’s end. 2 marks

59. Choose the correct sentence.

a) Being deserted by our friends is the cause of great sorrow for us.
b) Our being deserted by our friends is the cause of great sorrow.
c) We feel great sorrow when our friends desert us.
d) Being deserted by our friends, we feel great sorrow. 2 marks

60. Choose the correct sentence.

a) Jack smelled a rat when he scrambled out of the dirty ditch.

b) Tom smells a rat every time he plans a vacation.
c) The minister smelled a rat when his office caught fire and all the files were
destroyed.
d) The secretary smelled a rat when he put the office on fire. 2 marks

61. It is strange that outside the Hotel Megastar, there are so many corner shops
selling food items. After all, the hotel also has a big restaurant which sells food at
cheaper prices, and is open 24-hours.

Which of the following, if true, would be of least help in explaining the

paradoxical observation in the given passage?

a) The corner shops are selling specialist food items not available in the hotel
restaurant.
b) The main business of the corner shops is newspaper distribution and food
items represent a small part of their turnover.
c) The corner shops are mainly family-owned businesses and have been there
for much longer than the hotel restaurant and are perceived as an important
feature of the community.
d) The corner shops are willing to make home deliveries. 2 marks
Read the passage below and answer Question No 62:

If you want a brief history of information technology, here is one. Humans were the first
"computers". Then machines were invented to carry out the computational tasks. Now
these machines have given way to new form of information technology. Information has
become accessible from anywhere. Information technology deals with the acquisition,
processing, storage and dissemination of vocal, pictorial, textual and numerical
information by a microelectronics-based combination of computing and
telecommunications. Thanks to the continuous development of computers, the original
computing systems became minicomputers and later personal computers took the lead.
Nowadays, mobile phones are dethroning the personal computer and computing is
evolving faster to become disembodied more like a cloud, becoming accessible more
easily whenever needed. Information technology in this sense has transformed people
and companies and has allowed digital technology to influence society and economy
alike.

I. Information technology is changing principally because of:

i. government policies
ii. new technological advances
iii. both i and ii above

II. Development of information technology is the result of:

i. advances in computing systems
ii. development of machinery in general
iii. both i and ii above

III. Computing systems are taking the form of clouds means:

i. computers have become smaller
ii. computing power will be disembodied.
iii. both i and ii above

62. The correct answers to I, II and III are:

a) iii, ii, ii respectively
b) ii, i ii respectively
c) i, ii, ii respectively
d) iii, i, i respectively 3 marks
 Logical Reasoning

63. In the following letter series, the missing letters have to be filled from one of the
given alternatives in the given order, so that the series contains a repeated
pattern. Which alternative is appropriate?
aa _ ab _ _ aaa _ a

a) aaab
b) aabb
c) abab
d) baaa 1 mark

64. Sa hin’s mother is the only daughter of Priyanka’s father. If Priyanka had married
only on e, what is Priyanka`s husband’s likely relationship with Sa hin?

a) Uncle
b) Brother
c) Grandfather
d) Father 1 mark

65. Please read the following Assertion and Reason.

Assertion (A) : We feel colder on mountains than on plains.

Reason (R) : Temperature decreases with altitude.

a) Both A and R are true and R is the correct explanation of A.

b) Both A and R are true but R is NOT the correct explanation of A.
c) A is true but R is false.
d) A is false but R is true. 1 mark

66. A watch gains 5 seconds in 3 minutes and was set right at 8 AM. What time will it
show at 10 PM on the same day?

a) 10.10:35 PM
b) 10:23:20 PM
c) 11:01:17 PM
d) 10:31:20 PM 1 mark
67. Study the following diagram and answer the following question.

By which letter, the married teachers who do not live in joint family are
represented?

a) Q
b) S
c) R
d) P 1 mark

68. Today is Monday. After 61 days, it will be

a) Wednesday
b) Thursday
c) Tuesday
d) Saturday 1 mark

69. Arrange the words given below in a meaningful sequence.

1.Elephant 2. Cat 3. Tiger 4. Mosquito 5. Whale

a) 5, 3, 1, 2, 4
b) 4, 2, 3, 1, 5
c) 1, 3, 5, 4, 2
d) 2, 5, 1, 4, 3 1 mark

70. Three persons give three statements.

X says either NDA or UPA wins the elections.

Y says NDA wins.
Z says neither NDA nor UPA wins the elections.
Of these statements only one is wrong. Who wins the elections?

a) UPA
b) NDA
c) Either one (cannot be said)
d) None 3 marks

*****