Institute of Actuaries of India

ACET May 2024

Mathematics
1. For any two sets A and B, which of the following is FALSE?

A. ̅̅̅̅̅̅̅̅̅̅̅̅̅̅̅
𝐴 ∪ (𝐵 ∪ 𝐶) = 𝐴̅ ∩ (𝐵̅ ∩ 𝐶̅ )
B. 𝐴 ∪ (𝐵 ∩ 𝐶) = 𝐴 ̅̅̅̅̅̅̅̅̅̅̅̅̅̅̅
̅ ∩ (𝐵̅ ∪ 𝐶̅ )
C. 𝐴̅ ∪ ̅̅̅̅̅̅̅̅̅̅
(𝐵 ∩ 𝐶) = 𝐴̅ ∩ (𝐵̅ ∪ 𝐶̅ )
D. ̅̅̅̅̅̅̅̅̅̅̅̅̅̅̅
𝐴 ∩ (𝐵 ∪ 𝐶) = 𝐴̅ ∪ (𝐵̅ ∩ 𝐶̅ )
1 mark

2. The value of √42 + √42 + √42 + ⋯ is?

A. -6
B. -7
C. 6
D. 7
2 marks
1 2 1
3. The inverse of the matrix [2 1 1] is
1 1 2

−0.25 0.75 −0.25

A. [ 0.75 −0.25 −0.25]
−0.25 −0.25 0.75
0.25 −0.75 0.25
B. [−0.75 0.25 0.25 ]
0.25 0.25 −0.75
0.25 −0.75 0.25
C. [ 0.75 0.25 −0.25]
−0.25 0.25 0.75
−0.25 0.75 0.25
D. [ 0.75 −0.25 −0.25]
−0.25 −0.25 0.75
2 marks

4. The value of ∫ 𝑥 + 𝑠𝑖𝑛𝑥 𝑑𝑥 is

𝑥2
A. + 𝑐𝑜𝑠𝑥 + 𝑐
2
−𝑥 2
B. − 𝑐𝑜𝑠𝑥 + 𝑐
2
−𝑥 2
C. + 𝑐𝑜𝑠𝑥 + 𝑐
2

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 𝑥2
D. − 𝑐𝑜𝑠𝑥 + 𝑐
2
1 mark
4
5. If K = [5] then the matrix KKT has rank?
6
A. 1
B. 2
C. 3
D. 4
1 mark
6. Let 𝑎⃗, 𝑏⃗⃗ 𝑎𝑛𝑑 𝑐⃗ be mutually perpendicular unit vectors. The value of
|𝑎⃗ + 2𝑏⃗⃗ + 2𝑐⃗| is

A. 5
B. √8
C. 3
D. 4
1 mark
7. If 𝑥 and 𝑦 are real and if (𝑥 + 𝑖𝑦) (2 + 3𝑖) is the conjugate of −5 + 6𝑖, then 𝑥
and 𝑦 are, respectively,
A. 𝑥 = 28/13, 𝑦 = -3/13
B. 𝑥 = -28/13, 𝑦 = 3/13
C. 𝑥 = 8/13, 𝑦 = -49/39
D. 𝑥 = -8/13, 𝑦 = 49/39
3 marks
8. The area bounded by the curve 𝑦 = 2𝑥, the lines 𝑦 = 0, 𝑥 = 1 and 𝑥 = 3 is
A. 6
B. 15
C. 3
D. 8
1 mark
9. In a college, there were 48 students who play Cricket, 36 students who play
Football and 29 students who play Basketball. If only 4 students play all
three sports and there are a total of 64 students who play at least 1 sport,
then how many students play exactly 2 sports?
A. 53
B. 41
C. 37
D. 49
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 3 marks
10. The number of points at which f(x) = |x-1| + |2x+1| does not have a
derivative is
A. 1
B. 2
C. 3
D. 4
1 mark
11. Suppose n(X), the number of elements in the set is 100, n(Y) = 125, n(X-Y)
= 75. Then n(XUY) is equal to?
A. 200
B. 25
C. 100
D. 175
1 mark
12. The set of all subsets of a given set is called
A. Cartesian product
B. Finite set
C. Complementary set
D. Power set
1 mark
13. If log 𝑎 𝑥 = 2 and log 𝑎 𝑦 = 3 then log 𝑥 𝑦 is
A. 2
B. 2/3
C. 3
D. 3/2
1 mark
∞
14. The value of the integral ∫0 𝑒 −𝑥 𝑥 6 𝑑𝑥 is

A. 6!
B. 7!
C. -6!
D. -7!
2 marks

15. Given log 𝑎 1.8 = 0.255, find the value of log 𝑎 1.5 using linear interpolation
A. 0.176
B. 0.146
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 C. 0.159
D. 0.201
2 marks
16. Which of the following is FALSE about Cosine function?
A. Periodic
B. Continuous
C. Differentiable
D. Invertible
1 mark
17. The floor function (or greatest integer function) is the function that takes
as input a real number x, and gives as output the greatest integer less than
or equal to x. The set of all points of discontinuity is
A. Finite
B. Infinite
C. Universal set
D. Null set
1 mark

𝑑𝑦
18. If 𝑦 = sin−1 (𝑥) log 𝑥 ,then is
𝑑𝑥
log 𝑥 sin−1 𝑥
A. 2
+
√1−𝑥 𝑥
log 𝑥 sin−1 𝑥
B. +
√1−𝑥 𝑥
− log 𝑥 sin−1 𝑥
C. +
√1−𝑥 2 𝑥
log 𝑥 sin−1 𝑥
D. −
√1−𝑥 2 𝑥
2 marks
19. If f(x) = (3x-5)/2, then,
A. f-1(x) = (2x-5)/3
B. f-1(x) = (2x+3)/5
C. f-1(x) = (2x-3)/5
D. f-1(x) = (2x+5)/3
1 mark
20. If log 4 𝑥 + log 8 𝑥 + log16 𝑥 = 13/3 then x is equal to
A. 16
B. 8
C. 4
D. 2
2 marks
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 Statistics
21. What is the probability of rolling a sum of 6 or 8 with two fair six-sided
dice?
A. 5/36
B. 5/18
C. 1/3
D. 2/18
1 mark

22. A jar contains 15 red marbles, 10 blue marbles, and 5 green marbles. If a
child selects 7 marbles from the jar, in how many ways can they select them
such that they receive at most 3 blue marbles?
A. 1,58,140
B. 15,81,400
C. 17,44,200
D. 1,74,420
3 marks
23. Given there are two samples, one with 80 observations and the other with
120 observations. The mean and standard deviation of first sample is 25
and 5. While the mean and variance of both the samples considered
together is 22 and 25.6. Find the standard deviation of second sample.
A. 16
B. 8
C. 4
D. 3
3 marks
Answer questions 24-26 based on the table below.
Value 1 2 3 4 5 6 7 8 9 10
Frequency 2 5 8 6 p 6 5 4 3 1

24. Given mean of the distribution as 5, what is the value of p?

A. 5
B. 8
C. 9
D. 10
1 mark
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25. What are the median and mode for the same?
A. Median:4, Mode:5
B. Median:5, Mode:3
C. Median:5, Mode:5
D. Median:4, Mode:3
1 mark
26. What are mean, median and mode, if p = 0?
A. Mean: 5, Median:5, mode:5
B. Mean: 5, Median:4, mode:5
C. Mean: 4, Median:4, mode:4
D. Mean: 5, Median:4, mode:3
2 marks
27. A random variable X takes only two values, 0 and 1, with P(X = 0) = 0.6.
Then the value of E[X6] is
A. 0.6
B. 0.66
C. 1
D. 0.4
1 mark

28. Given that in a Poisson distribution, the probability of observing 4 is 5/4

times that of observing 5, the mean of the distribution is
A. 3
B. 4
C. 5
D. None of the above
2 marks
29. Which of the following is not a discrete distribution?
A. Uniform
B. Binomial
C. Exponential
D. Poisson
1 mark
30. Given X is an exponential distribution and p(X<6/p(X<8) = (1-e-0.5)/(1-e-2/3).
What is the Var(x)?
A. 144
B. 12
C. 121

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 D. 11
2 marks
31. In how many of the distinct permutations of the letters in TENNESSEE do
the four Es not come together?
A. 3780
B. 3200
C. 3600
D. 3720
2 marks
32. Determine the number of 4 card combinations out of a deck of 52 cards, if
there is exactly one King and one spade in each combination.
A. 7,140
B. 22,680
C. 30,940
D. 29,820
2 marks
33. Determine the interquartile range for this set of numbers
1,1,2,3,5,8,13,21,34,55
A. 19
B. 21
C. 54
D. 27
1 mark
34. The correlation coefficient between 𝑋 and 𝑌 is 0.5. Then the correlation
coefficient between 3𝑋 and -𝑌 + 2 is
A. 0.5
B. -0.5
C. 0.6
D. 0.4
1 mark

35. 3 cards were drawn at random from a deck of 52 cards. Given that all three
of them have different symbols (spades/hearts/diamonds/clubs), what is
the probability that all three cards are aces?
A. 1 in 14,134
B. 1 in 12,854
C. 1 in 13,182

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 D. 1 in 15,732
2 marks

36. Let X and Y be two events with 𝑃(X) = 0.5, 𝑃(Y) = 0.8 and 𝑃(X ∩ Y) = 0.4.
Then 𝑃(X ∪ Y) is
A. 0.5
B. 0.7
C. 0.8
D. 0.9
1 mark

37. Which graph is best suited to display the change of a variable over a period
of time?
A. Boxplot
B. Bar graph
C. Line graph
D. Pie chart
1 mark

38. How many 3 digit numbers are there having at least one of their digits as
3?
A. 300
B. 252
C. 810
D. 312
1 mark
39. The number of permutations of the word ‘ACTUARIES’ is
A. 154,620
B. 90,720
C. 181,440
D. 362,880
1 mark
40. From a group of 12 boys and 8 girls, a team is to be formed such that there
are 3 girls and 5 boys in the team. How many ways can this be one?
A. 12,320
B. 44,352
C. 125,970
D. 92,376
1 mark
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 Data Interpretation
There were 214 Indian and 119 foreign players in the recently concluded Indian
Cricket League Auction. The number of players bought by each team are as
shown in the table below. Answer questions 41- 44 based on your interpretation
of the table.
Indian Foreign
Team
Capped Uncapped Capped Uncapped
Delhi 10 6 6 3
Mumbai 11 7 6 2
Kolkata 10 5 5 3
Chennai 12 5 6 2
Hyderabad 12 4 4 5
Bangalore 12 7 6 2
Ahmedabad 11 6 5 3
Jaipur 13 5 4 3

41. How many of the foreign players were unsold?

A. 78
B. 65
C. 54
D. 48
1 mark
42. Which team has maximum number of players?
A. Hyderabad
B. Mumbai
C. Chennai
D. Bangalore
1 mark
43. If 176 capped players were auctioned then, how many uncapped players
went unsold?
A. 157
B. 89
C. 68
D. 43
1 mark
44. As above, if 176 capped players were auctioned then, at least how many
foreign uncapped players were auctioned?
A. 23
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 B. 34
C. 44
D. 29
2 marks

Based on the data in the graph below answer the questions 45-48.

Number of Actuaries in India

600

500

400

300

200

100

0
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Fellow Associate

45. In which year the number of associate actuaries is lower compared to the
previous year?
A. 2014
B. 2015
C. 2018
D. 2019
1 mark
46. How many fellow actuaries were present in 2022?
A. 515
B. 473
C. 499
D. 569
1 mark
47. In which year, was the increase in fellow actuaries (compared to previous
year) maximum?
A. 2023
B. 2022
C. 2019
D. 2018
2 marks
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 48. How many total number of actuaries (fellows and associates) were there
in 2016?
A. 422
B. 510
C. 483
D. 450
1 mark

An analysis on the screen time of characters and the seasonal runtimes in a

popular sitcom gave the below results. Assuming no overlap in screen time,
answer questions 49-51 based on the graph.
Season 1 2 3 4 5
Runtime(hrs) 12.3 11.6 14.2 12.5 13.2

Percentage of Screen time

100.00%
90.00% 17.10% 16.60% 15.60% 18.40% 17.40%

80.00%
13.60% 15.80% 14.50%
16.70% 17.40%
70.00%
60.00% 18.50% 16.30% 16.60%
15.30% 16.80%
50.00%
13.70% 14.20% 15.20%
40.00% 15% 15.40%
30.00% 18.50% 17.90% 17.70%
18.40% 17.50%
20.00%
10.00% 18.60% 19.20% 20.40% 16.00% 15.50%
0.00%
1 2 3 4 5

Leonard John Monica Michael Claire Robin

49. Which character had the maximum screen time across all seasons?
A. Leonard
B. John
C. Michael
D. Robin
2 marks
50. Which character had the minimum screen time across all seasons?
A. Monica
B. Claire
C. Robin
D. Michael
2 marks
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51. Which character and season combination had the least screen time?
A. Monica, Season 1
B. Monica, Season 2
C. Claire, Season 1
D. Claire, Season 2
1 mark

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 English

52. Choose the correct form of verb to complete the sentence in the future
continuous tense:
“By this time tomorrow, they ___ in Mumbai”
A. will relax
B. will be relaxing
C. relax
D. relaxing
1 mark
53. Choose the correct conjunction to complete the sentence:
“I will not go to the party ___ I am feeling unwell”
A. if
B. and
C. because
D. but
1 mark
54. Choose the synonym for the word “ubiquitous”
A. Rare
B. Abundant
C. Scarce
D. Limited
1 mark
55. Identify the correct definition for the word “ephemeral”
A. Lasting a long time
B. Permanent
C. Brief or short lived
D. Endless
1 mark
56. Choose the correct antonym for the word “vivid”
A. Dull
B. Bright
C. Colourful
D. Lively
1 mark

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57. Choose the correct expansion for ‘”etc.” in the following sentence “The
party decorations included balloons, streamers, confetti, etc.”
A. Exclusively
B. Extraordinary
C. Etymology
D. Et cetera
1 mark
58. Choose the correct expansion for ‘”viz.” in the following sentence “The
committee members, viz., the president, treasurer, and secretary,
attended the meeting.”
A. That is
B. For instance
C. Specifically
D. Such as
1 mark
59. Which phrase means "to gain knowledge or understanding of something
previously unknown"?
A. Come across
B. Find out
C. Turn up
D. Look into
1 mark
60. Select the correct sentence:
A. The cat sits on the window sill, enjoying the warmth of the sun, and
occasionally flicking its tail.
B. The cat sit on the window sill, enjoying the warmth of the sun, but
occasionally flicking its tail.
C. The cat sits on the window sill, enjoying the warmth of the sun, but
occasionally flicking its tail.
D. The cat sit on the window sill, enjoying the warmth of the sun, and
occasionally flicking its tail.
2 marks
61. Select the correct sentence:
A. The dog chased the cat around the yard until they both got tired and fell
asleep under the tree.
B. The dog chases the cats around the yard until they both got tired and
fell asleep under the tree.

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C. The dog chased the cat around the yard, but they managed to escape
through the small hole in the fence.
D. The dog chase the cat around the yard, but the cat always manages to
climb up the tree and escape
2 marks
Read the passage below and answer the question:
Nestled amidst the vibrant culture of Rajasthan, the Pink City of Jaipur
stands as a beacon of history and heritage. Spread across an area of over
111 square kilometers, this majestic city offers a blend of architectural
marvels, bustling markets, and cultural festivities. With its iconic pink-hued
buildings, magnificent palaces, and intricate forts, Jaipur captivates visitors
with its rich tapestry of tradition and modernity.

Jaipur is not just a city; it's a testament to Rajasthan's royal legacy and
artistic prowess. Its landmarks, such as the Hawa Mahal and Amer Fort,
have stood the test of time and continue to inspire awe among travellers
and historians alike. Additionally, the city's vibrant bazaars, adorned with
colorful textiles and traditional handicrafts, showcase Jaipur's vibrant
artisanal culture.

Throughout the year, Jaipur plays host to a myriad of festivals and events,
celebrating its rich heritage and cultural diversity. From the exuberant
festivities of Diwali to the colorful spectacle of the Jaipur Literature Festival,
the city pulsates with energy and enthusiasm. Families gather for leisurely
strolls in the gardens, tourists explore the narrow alleys of the old city, and
art enthusiasts marvel at the intricate designs adorning the city's temples
and palaces.

Questions:

I. What distinguishes Jaipur as a unique destination in Rajasthan?

i. Its vibrant culture and rich heritage.
ii. Its sprawling area of over 111 square kilometers.
iii. Its location amidst the desert landscape of Rajasthan.

II. Which of the following activities is NOT mentioned as a feature of

Jaipur?
i. Exploring colorful bazaars.
ii. Attending cultural festivals.
iii. Skiing in the snow-capped mountains.

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 III. What role does Jaipur play in celebrating Rajasthan's cultural heritage?
i. Its collection of historical landmarks and forts.
ii. Its popularity as a destination for leisurely strolls and sightseeing.
iii. Its function as a centre for modern art and architecture.

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

A. iii, ii, i, respectively.
B. ii, iii, i, respectively.
C. i, ii, iii, respectively.
D. i, iii, i, respectively.
3 marks

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 Logical Reasoning
63. Identify the closest match to Lion: Pride from the following choices:
A. Dog: Pack
B. Bird: Park
C. Tiger: Strong
D. Cow: Domestic
1 mark
64. In a certain code, WORLD is written as FNTQY. How is SATURN written in
that code?
A. BZVZNT
B. OSVUBT
C. PTWVTU
D. PTWVCU
2 marks

65. An accurate clock shows 11 o'clock in the morning. Through how may
degrees will the hour hand rotate when the clock shows 4 o'clock in the
evening?
A. 120°
B. 150°
C. 179°
D. 180°
1 mark

Eight students - Alex, Beth, Chris, David, Emma, Fiona, George, and Hannah
- are seated around a circular table. The following conditions apply:

• Alex and Beth are sitting together.

• Chris is sitting exactly two seats away from David.
• Emma is sitting between Fiona and George.
• Hannah is sitting next to David.
• George is not sitting next to Chris.
Answer questions 66-67 based on this information
66. Who is sitting opposite to Fiona?
A. David
B. Emma
C. Hannah
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 D. Chris
1 mark
67. If David and Hannah exchanges their seats, who is between Chris and
Hannah?
A. Fiona and Emma
B. George and David
C. Alex and Beth
D. Emma and George
2 marks
68. Introducing a girl, a boy said, "She is the daughter of the son of the father
of my uncle." How is the girl related to the boy?
A. Sister
B. Aunt
C. Sister-in-Law
D. Daughter
1 mark
69. If 4th May 2024 is Saturday. What will be the day after day of 4th May
2424?
A. Sunday
B. Tuesday
C. Monday
D. Saturday
1 mark
70. What is the next number in this series: 256, 254, 250, 248, 244, ...?
A. 240
B. 242
C. 236
D. 238
1 mark

******************

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