Question 1  The present value of a future stream of earnings is affected by interest rates and by time. Question 1 options: True/False   Question 2  Compounding can have a significant effect if the principle amount is huge, despite a short savings period. Question 2 options: True/False   Question 3  Select tables are used to make mortality calculations without the selection effects of medical examination. Question 3 options: True/False   Question 4  Factors like inflation or a continuous increase in the standard of living operate in the opposite direction to the incoming interest rate. Question 4 options: True/False   Question 5 The life expectancy of females at birth is typically lesser than that of males. Question 5 options: True/False   Question 6 In terms of the financial threats and ignoring the very real psychological and emotional elements, the risk of old age is mainly borne by the dependents of the person. Question 6 options: True/False   Question 7 Mortality tables and life tables are essential tools in the hands of actuaries. The actuary needs only one of the tables for making all the required calculations since one table can be derived from the other. Question 7 options: True/False   Question 8  Life tables and mortality tables are constructed for basic purposes and for the reference of all industries in an economy; therefore, they are based on general populations. Question 8 options: True/False   Question 9  Females are the biologically more resilient than males. Question 9 options: True/False   Question 10 Interest rates can be ignored in retirement plans because it is spread over a relatively long period. Question 10 options: True/False