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  • CP1 Actuarial Practice

    What is an actuarial control cycle? The actuarial control cycle is a fundamental tool of risk management which involves the process of analysing, quantifying, mitigating and monitoring risks. List few applications of actuarial control cycle to actuarial work. a) Asset-liability management b) Model validation c) Monitoring the effect of investment mismatching d) Assessing the need …

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  • CB2 Business Economics

    WHAT HAPPENS WHEN MB > MC? If MB > MC, then we should increase production of respective good, and decrease the production of other goods, since the value of one more unit of good, MB, is greater than the value of goods we must forego to make it, MC. WHY IS PPC NOT A STRAIGHT …

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  • CB1 Business Finance

    HOW FUTURES ARE DIFFERENT FROM FORWARDS? A forward is an agreement between two parties to trade a specified asset at a set date in the future at a set price whereas futures are standardised and exchange-tradeable. WHAT ARE DERIVATIVES? A derivative is a financial instrument that derives its value from the value of some other …

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  • CS2 Risk Modelling & Survival Analysis

    WHAT IS A COUNTING PROCESS? A counting process is a stochastic process, X , in discrete or continuous time, whose state space is the collection of natural numbers {0,1,2,…}. WHAT IS MEANT BY SAMPLE PATH OF A PROCESS? A sample path is the sequence of outcomes of a particular set of experiments i.e. THEIR JOIN …

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  • CS1 Actuarial Statistics

    DIFFERENTIATE BETWEEN CONTINUOUS RANDOM VARIABLE & DISCRETE RANDOM VARIABLE? Discrete random variables are random variables that take a finite number of values. For example, the outcome of rolling a die. Continuous random variables, on the other hand, can take on any value in a given interval. WHAT IS LAW OF LARGE NUMBERS? Law of large …

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  • VBA

    HOW DO YOU STOP RECORDING A MACRO? Step 1: Go To Developer tab from the main ribbon of Excel window. Step 2: Click on ‘Stop Recording’ command button to stop from the recording macro. HOW DO YOU RUN A MACRO IN EXCEL? Press the “play” button on the macro toolbar. Or use the keyboard shortcut …

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  • R Programming

    WHAT IS R PROGRAMMING? R is a language and environment for statistical computing and graphics. It provides a wide variety of statistical (linear and nonlinear modelling, classical statistical tests, time-series analysis, classification, clustering, …) and graphical techniques, and is highly extensible. It is an integrated suite of software facilities for data manipulation, calculation and graphical …

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  • Excel

    WHAT IS THE USE OF VLOOKUP AND HOW DO WE USE IT? The function VLOOKUP in Excel is used to look up information in a table and extract the corresponding data. Syntax: VLOOKUP (value, table, col_index, [range_lookup]) value – Indicates the data that you are looking for in the first column of a table. (This …

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  • Logical Reasoning

    1. Find the missing term of the series:61,74, 89, 97,…., 121, 145 a) 117 b) 118 c) 116 d) None of these So, Option A. 2. Some As are Bs and some Bs arc Cs. Which of the following is necessarily true? I.Some As are Cs II.  All Cs are As a) Only (I) follows b) Only(II) follows. c) …

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  • Quantitative Aptitude

    1. A person crosses a 600 metre long street in 5 minutes. What is his speed in km/hr? a) 3.6   b) 7.2   c) 8.4   d)10 Answer Speed = 600/(5*60) m/sec = 2m/sec. Converting m/sec to km/hr = 2*18/5 km/hr. = 7.2 km/hr. So, Option B. 2. An airplane covers a certain distance at a speed of …

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  • CM2 Financial Engineering & Loss Reserving

    WHAT ARE THE DIFFERENT FORMS OF EFFICIENT MARKETS? Efficient market consists of: weak form market where market prices reflect all of the information contained in historical price data, semi-strong form is one where market prices reflect all publicly available information & strong form is where market prices reflect all information, whether or not it is …

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  • CM1 Actuarial Mathematics

    WHY DO WE PAY INTEREST? Since, lenders provide borrowers with money for a specified period of time, lender will not be able to use that money during that time, so to make up for this inconvenience along with protecting lenders from the risk of default by the borrower, lender demands interest which may either be …

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