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Question 1
An individual invests ₹1,00,000 at a compound interest rate of 6% per annum. What is the approximate accumulated amount at the end of 5 years?
Correct Answer:
₹1,33,823
Question 2
What is the present value of ₹5,00,000 payable at the end of 10 years, assuming a discount rate of 5% per annum?
Correct Answer:
₹3,06,957
Question 3
In a mortality table, 'l_x' represents the number of persons alive at exact age x. If l_30 = 9,500 and l_31 = 9,480, what is the probability of a life aged 30 dying before reaching age 31?
Correct Answer:
0.0021
Question 4
The 'force of mortality', denoted by μ_x, represents:
Correct Answer:
The instantaneous rate of mortality at exact age x.
Question 5
Which column in a standard life table indicates the total number of years lived by the l_x survivors between age x and x+1?
Correct Answer:
L_x
Question 1
Exam overview

About this Exam

Prepare with the III IC-81 Practice Questions - III IC-81 Mathematical Basis of Life Assurance Exam practice quiz. This question bank includes 100 questions covering life, year, value, premium, and rate. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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III IC-81 Practice Questions - III IC-81 Mathematical Basis of Life Assurance Exam

This practice set contains 100 questions from the matching question bank and focuses on life, year, value, premium, and rate. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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