Question 1  The present value of a future stream of earnings is affected by interest rates and by time

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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