ACET

2018
QUESTION PAPER AND
ANSWER KEY
 Institute of Actuaries of India
ACET January 2018
Mathematics
1. If n is a positive integer, then

A. is a perfect square
B. is an odd number
C. is an integral multiple of 6
D. does not necessarily have any of the above properties. 1 mark

2. If , then the value of x is:

A. 125
B. 25
C. 243
D. 15. 1 mark

3. The value of and the cumulative distribution function for a random variable
is given below.

F(x)

2.5 0.3554
3.5 0.5221

The approximate value of for , using linear interpolation is:

A. 0.4387
B. 0.3667
C. 0.4065
D. 0.5000. 1 mark

4. The set of values is:

A.
B.
C.
D. . 2 marks
5. If are the roots of the quadratic equation , then the equation
whose roots are is :
A.
B.
C.
D. 2 marks

6. The coefficient of in the expansion of is:

A. 2380
B. 680
C. 136
D. 51. 2 marks

7. The value of :

A. does not exist

B. is equal to
C. is equal to
D. is equal to 1 mark

8. The slope of the curve is minimum at:

A.
B.
C.
D. 1 mark

9. The minimum value of the function

in the interval

is attained at equal to:

A. 1
B.
C.
D. 0. 3 marks
10. If , then is:
A.
B.
C.
D. . 1 mark

11. If , then is:

A.
B.
C.
D. 1 mark

12. The value of the integral is :

A. 25
B. 0
C. 5
D. 125. 2 marks

13. The value of the integral is:

A.
B.
C.
D. 2 marks

14. The value of the integral is:

A.
B.
C. 1
D. 1mark
15. If , then the angle between and is:

A.
B.
C.
D. . 2 marks

16. The inverse of the matrix is:

A.

B.

C.

D. . 1 mark

17. A and B are matrices such that then must be:

A.
B.
C.
D. . 1 mark

18. The rank of the matrix is :

A.
B. 1
C. 2
D. 3.
1 mark
 Statistics

19. Four boys and 3 girls are to sit in a row. The probability that all the boys sit together
and so do all the girls is

A. 144/5040
B. 288/5040
C. 24/5040
D. 1 1 mark

20. Let and be two events with and . If is a subset

of then the value of is

A. 1/3
B. 1/12
C. 1/9
D. None of the above 1 mark

21. In a population, where 49% of the population is male and 51% is female, about 10%
of men and 1% of women are colorblind. Suppose a person is colorblind, then the
probability he is a male is approximately

A. 0.85
B. 0.77
C. 0.91
D. 0.95 2 marks

22. The numbers , where is unknown, are arranged in descending

order. Suppose the median of the numbers is 5. The arithmetic mean of the numbers
is

A. 5
B. 5.5
C. 6.5
D. 7 2 marks
23. The standard deviation of 10 observations is 1.5. Suppose each observation is first
multiplied by and then added to . The standard deviation of the new observations
is

A. 9
B. 1.5
C. 4.5
D. 6 1 mark

24. The number of accidents per month at a busy intersection follows Poisson distribution
with average . Suppose each accident costs local government Rs. 20,000.00
for clean-up. On average, the accidents costs to the local government over a year time
is

A. Rs. 1,30,000.00
B. Rs. 2,40,000.00
C. Rs. 15,60,000.00
D. None of the above 1 mark

25. Suppose is uniformly distributed on . Then is

A. 1/7
B.
C.
D. 2/5 1 mark

26. Let be a random variable with the probability density function

. The median of is

A.
B.
C.
D. 3 marks

27. Suppose has standard normal distribution. Then is

A.
B. 1
C.
D. None of the above 1 mark
28. Suppose and are independent random variables with Var( ) = and Var( ) =
. Let , for . The value of that minimizes Var( ) is

A.
B.

C.

D. 2 marks

29. The random variables and have joint distribution

The value of is
A. 1/6
B. 1/9
C. 1/12
D. 1/15 2 marks

30. Suppose . Then Cov ( is

A.
B.
C.
D. 1 mark

31. Consider the paired observations on .A

regression line of the form is to be fitted based on the observations by the
least square method. The least square estimate of is

A. 1.5
B. 39/58
C. 58/39
D. Cannot be obtained 3 marks
 Data Interpretation

32. The elements of the sets P, Q and R are given in the Venn-diagram.

P Q
a b c

d e

f
g R

Then the set is given by

A.
B.
C.
D. 2 marks

33. Consider the frequency distribution given in the following table.

Class Interval Frequency

356.5 – 365.5 4
365.5 – 374.5 15
374.5 – 383.5 30
383.5 – 392.5 16
392.5 – 401.5 11
401.5 – 410.5 7
410.5 – 419.5 5
419.5 – 428.5 2

The distribution is

A. U-shaped
B. Negatively skewed
C. Symmetric
D. Positively skewed 1 mark
Answer Questions 34-36 based on the data given in the table below.

Table: The age distribution of people in a country

Age Percent of
population
[0, 5) 7
[5, 15) 14
[15, 20) 7
[20, 25) 7
[25, 30) 7
[30, 35) 7
[35, 45) 15
[45, 55) 14
[55, 65) 10
[65, 75) 6
75 and over 6

34. The percentage of people below 30 years age is

A. 42
B. 49
C. 41
D. 35 1 mark

35. The percentage of people with age above 55 years is

A. 12
B. 36
C. between 12 and 22
D. 25 2 marks

36. The ratio of people with age 65 and above to people in the age group [45, 65) is

A. 1:2
B. 2:1
C. 11:12
D. 1:3 1 mark
Answer Questions 37 and 38 based on the graph of the number of 1-4 years old children
(per 100,000) who had drowned in a calendar year, referred to here as the `drowning rate’

Drowning rate of children 1-4 years old

13

12

11
Drowning Rate

10

5
1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000
Year

37. In how many years was the drowning rate less than 8.0

A. 4
B. 6
C. 7
D. 5 1 mark

38. The maximum drop in the annual drowning rate occurred in the year

A. 1987
B. 1990
C. 1996
D. 1999 1 mark
 English

39. The synonym of the word 'Acknowledge' is:

A. Recognize
B. Memorandum
C. Advisory
D. Response 1 mark

40. The synonym of the word 'Variety' is:

A. Heterogeneity
B. Homogeneity
C. Difference
D. Quality 1 mark

41. The antonym of the word 'Common' is:

A. Routine
B. Extraordinary
C. Ideal
D. Typical 1 mark

42. The antonym of the word 'Apart' is:

A. Obscure
B. Aside
C. Cornered
D. Together 1 mark

43. One word for "combination whose value exceeds the total value of the parts" is:
A. Harmony
B. Synergy
C. Metamorphosis
D. Synchrony 1 mark

44. One word for "a depository containing historical records and documents" is
A. Archives
B. Safeguard
C. Locker
D. Warehouse 1 mark
45. The meaning of 'Polygamy' is:
A. the practice of having more than one spouse at a time
B. the practice of marrying one's cousin
C. the practice of marrying a person of different religion
D. the practice of marrying a person of the same gender 1 mark

46. The alternative which replaces ‘?’ in "Rumour : Squash :: Fire: ?" is:
A. Illuminate
B. Light
C. Arson
D. Extinguish 1 mark

47. The alternative which replaces ‘?’ in "Rajya Sabha : Vice President :: Lok Sabha : ?"
is:
A. President
B. Prime Minister
C. Speaker
D. Governor 1 mark

48. Meaning of the phrase "to go Dutch" is:

A. to go to the Netherlands
B. to behave like a Dutch
C. to share the expenses
D. to invest in stocks 1 mark

49. Meaning of the phrase "to get foot in the door" is:
A. to complete the first step in a process
B. to create disturbance in a process
C. to oppose somebody
D. to make use of the opportunity 1 mark

50. Meaning of the phrase "last straw" is:

A. the final problem in a series of problems
B. the final savings
C. the final clean-up after an event
D. the ultimate savior 1 mark
51. Rearrange the following parts (1, 2, 3 and 4) in proper sequence to obtain a correct
sentence:
I. the boss wanted to tell me
II. not to take work to home
III. not be listening to him
IV. but I would

A. I, II, III, IV
B. I, II, IV, III
C. I, III, IV, II
D. I, III, II, IV 1 mark

52. Rearrange the following parts (1, 2, 3 and 4) in proper sequence to obtain a correct
sentence:
I. he would ever
II. I wondered if
III. work hard for a living
IV. because he was so rich

A. I, II, III, IV
B. I, II, IV, III
C. II, I, III, IV
D. II, III, I, IV 1 mark

53. Rearrange the given parts (1, 2, 3 and 4) in proper sequence to obtain the correct part
of the sentence "Children who show ..............":
I. their age often turn
II. out to be average
III. in adult life
IV. intelligence far beyond

A. II, III, IV, I

B. II, I, III, IV
C. IV, II, I, III
D. IV, I, II, III 1 mark
54. Select the most logical order of sentences from among the given choices to construct
a coherent paragraph:
P: Payment for imports and exports is made through a system called foreign exchange.
Q: The value of the money of one country in relation to the money of other countries is
agreed upon at a given time.
R: These rates of exchange vary from time to time.
S: For instance, an American dollar or a British pound sterling is worth certain amounts
in Indian rupees at a given time.
A. PQSR
B. PQRS
C. QPRS
D. RPQS 2 marks

55. Select the most logical order of sentences from among the given choices to construct
a coherent paragraph:
P: The oceans are very deep.
Q: For example, the Indian ocean has a range that goes to Antarctica.
R: Much of it is fairly flat.
S: However, there are great mountain ranges as well.
A. PRQS
B. PRSQ
C. PQRS
D. PSRQ 2 marks

56. Fill the blanks in the sentence "One should not .......... time on such .......... issues.":
A. waste, trivial
B. spend, significant
C. kill, important
D. utilize, useful 2 marks
57. Fill the blanks in the sentence "An ounce of .......... is worth a pound of ...........":

A. iron, gold
B. prevention, cure
C. harm, anger
D. care, accident 2 marks

58. Fill the blanks in both sentences by a single word:

The fleeting .......... of snowfall have increased the fears of steep rise in Apple prices.
Many Chinese people have difficulty in learning how to .......... a word in English.
A. Order
B. Spell
C. Form
D. Change 2 marks

59. Choose the correct sentence:

A. The secretary will inform the boss this.
B. The secretary will inform this the boss.
C. The secretary will inform the boss of this.
D. The boss will be informed this by the secretary. 2 marks

60. Choose the correct sentence:

A. There are more ways of killing a cat than choking it with cream.
B. The cat can be killed by more ways instead choking it with cream.
C. There are more ways of killing a cat instead of choking it with cream.
D. There are more ways of killing a cat to choking it with cream. 2 marks
Read the passage below and answer Question No. 61:
Today, it seems almost everyone owns a smartphone. It was not long ago that the
technology was first introduced to the general public. Because of their user friendly
features, smartphones have quickly become popular. Before the invention of
smartphones, there were several devices that were used including regular mobile phones
and personal digital assistant (PDA) devices. Eventually the technologies were combined
and the concept of the smartphone was born. The initial concepts that later led to the
invention of the smartphone came in 1970s. However, IBM came up with a prototype
mobile phone that incorporated PDA features in 1992 and demonstrated the device at a
computer industry trade show called COMDEX. In 1994, BellSouth came up with a more
refined version of the phone and called it the Simon Personal Communicator. This is the
first device that could really be referred to as a smartphone. The Simon Personal
Communicator was able to make and receive calls, send faxes and emails, and more. In
1990s, many mobile phone users began carrying PDAs. Early PDAs ran on various
systems such as Blackberry OS, and Palm OS. Nokia released a phone combined with a
PDA in 1996. The device was called the Nokia 9000. In 1999, a smartphone was released
by Qualcomm. It was called pdQ smartphone and featured a Palm PDA with internet
connectivity capabilities. Smartphone technology continued to advance throughout the
early 2000s. These advances in technology brought about the introduction of the iPhone,
the Android operating system and more.
I. The first smartphone was developed by:
i. IBM
ii. Qualcomm
iii. BellSouth

II. The first smartphone was developed in:

i. 1970s
ii. 1992
iii. 1994

III. Meaning of PDA is:

i. professional data analyser
ii. personal digital assistant
iii. personal digital analyser

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

A. iii, iii, ii, respectively
B. i, ii, iii, respectively
C. ii, i, iii, respectively
D. ii, i, i, respectively 3 marks
 Read the passage below and answer Question No. 62:
India is known as a country of cultural and traditional festivals. It has many cultures and
religions. In India, there are several festival celebrations every month. As it is a secular
country full of diversity in the religions, languages, cultures and castes, it is always
crowded with the people involved in the fairs and festivals celebration. People from each
religion have their own cultural and traditional festivals. Some of the festivals are
celebrated by the people of all religions in the entire nation. Each and every festival is
celebrated uniquely in different ways according to the rituals, beliefs and its significant
history. Each festival has its own history, legend and significance of celebration. People
of Indian origin living abroad also celebrate their cultural festivals with immense passion.
India is a country of unity in diversity as it contains people of various religions like
Hindu, Muslim, Sikh, Jain, Christian and etc.

I. Which community celebrates most of the festivals in India?

i. Hindus
ii. Muslims
iii. Don’t know

II. India is known as a country of ……….:

i. cultures
ii. religions
iii. festivals

III. All the festivals are celebrated ……….:

i. by the whole nation
ii. uniquely
iii. similarly

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

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

63. Rattan has a brother, Noel. Rattan is the son of Cyrus. Mukesh is Cyrus’s father. In
terms of relationship, what is Noel of Mukesh?
A. Son
B. Grandson
C. Brother
D. Grandfather 1 mark

64. The six faces of a cube are coloured black, brown, green, red, white and blue.
(i) Red is opposite to black
(ii) Green is between red and black
(iii) Blue is adjacent to white
(iv) Brown is adjacent to blue
(v) Red is at the bottom

Which of the following can be deduced from (i) and (v) ?

A. Black is on the top
B. Blue is on the top
C. Brown is on the top
D. Brown is opposite to black 1 mark

65. What was the day of the week on 17th June, 2006?
A. Thursday
B. Friday
C. Saturday
D. Sunday 1 mark

66. If in a certain code language, ‘MIRACLE’ is coded as ‘NKUEHRL’, then how is

‘RECLAIM’ coded in that same code language?
A. ULHRENK
B. UHLREKN
C. ULHREKN
D. LUHREKN 1 mark

67. Arrange the words given below in a meaningful sequence.

1. Yarn 2. Plant 3. Saree 4. Cotton 5. Cloth

A. 2, 4, 5, 1, 3
B. 2, 4, 3, 5, 1
C. 2, 4, 1, 5, 3
D. 2, 4, 5, 3, 1 1 mark
68. Which of the following words is an odd one?
A. inch
B. ounce
C. centimeter
D. yard 1 mark

69. There are 60 sportspersons playing football, cricket and basketball. Thirty three of
them play football, twenty five cricket and twenty six basketball. Ten players play
football and cricket, nine play basketball and cricket, while eight play both football
and basketball.

How many play only one of the three games?

A. 21
B. 30
C. 39
D. 42 2 marks

70. In the following question, two statements are given followed by four conclusions
numbered I, II, III and IV. You have to take the given statements to be true even if
they seem to be at variance from the commonly known facts and then decide which
of the given conclusions logically follows from the given statements disregarding
commonly known facts.
Statements:
All terrorists are guilty.
All terrorists are criminals.

Conclusions:
I. Either all criminals are guilty or all guilty are criminals.
II. Some guilty persons are criminals.
III. Generally criminals are guilty.
IV. Crime and guilt go together.

A. Only I follows
B. Only I and III follow
C. Only II follows
D. Only II and IV follow 2 marks
 Institute of Actuaries of India
ACET January 2018 Solutions
Mathematics

1. C. is the sum of the squares of n positive integers. Hence,

is a multiple of 6. The other choices are not always true.

2. A. .

3. A. The following information given.

F(x)

2.5 0.3554
3.5 0.5221

Using linear interpolation, we have , giving

approximately.
Alternative method: Since 3 is the mid-point of 2.5 and 3.5,

4. D. implies , giving .
This implies that either or

Thus for the inequality to hold

5. A. If are the roots of the quadratic equation the sum of

the roots is and product of the roots is 1.Thus, if are the roots of an equation, then
the sum of the roots is and the product of the roots is = 1. The only
quadratic equation satisfying these conditions is choice A.

6. B. In the expansion of , the general term is

The coefficient of is the coefficient of when , which is .

7. D. . By L’ Hospitals rule we have the given limit equal

to =
8. C. For the curve , and . Equating
gives . Since , it is a minima of .

9. A. The maximum/minimum value of the function

in the interval
is obtained by equating the first derivative of

=0.

Or

Or

Or giving .
The second derivative is hard to compute, but it can be seen that has the same
sign as , which is negative in the interval
. Therefore, is decreasing over this interval and has a minimum at
.

10. B. , Then ( =

Similarly , ( =

Hence, = = .

11. C If , then ;

12. A. .

13. B. . This implies . Putting

and putting .

14. B. .
15. D. The resultant has same magnitude as , and therefore the three vectors
form an isosceles triangle. By considering half-base and one side of the triangle, we
have angle between and as .

16. C. The inverse of the matrix is

17. A. .

18. B. . The rank of this matrix is 1.

Statistics
19. B. Arrangement: BBBBGGG or GGGBBBB. The number of ways the boys can sit
together and so can all the girls is . Required probability
.

20. A.
= (Since is subset of )
=
This implies
(Alternatively, since , . Therefore, .)

21. C. Let M: Male, F: Female, C: Colorblind.

Find

22. B. Median So Hence mean is

.
23. D. Standard deviation of new observations is |-4| .
24. C. Accident cost over a year would be Rs. Rs. .
25. B.
26. A. Suppose is the median of . Then .
This implies .
So . This implies .

27. C. = 0 (because the integrand is an odd function).

28. A. .

This implies

29. D. . This implies or

30. B. .

31. C. Least squares estimate of is obtained by minimizing .

This gives .

Data Interpretation

32. A. ,
.

33. D. It is clear from the frequency distribution.

34. A. The percentage of people below 30 years age = 7 +14 +7+7+7 = 42.

35. C. The percentage of people 55 and above = 10+6+6 =22. The percentage of people
above 65 = 6+6 = 12. The percentage of people above 55 years will lie between 12 and
22.

36. A. The percentage of people 65 and above is 6+6 =12. The percentage of people in the
age group [45, 65) = 14+10 =24. So the ratio is 12:24 = 1:2.
37. D. Inspecting the graph, it can be easily obtained.

38. B. By inspecting the graph, it can be easily obtained that maximum fall occurred in the
year 1990.

English
39. A
40. A
41. B
42. D
43. B
44. A
45. A
46. D
47. C
48. C
49. A
50. A
51. B
52. C
53. D
54. A
55. B
56. A
57. B
58. B
59. C
60. A
61. A
62. D
 Logical Reasoning
63. B
64. A
65. C 17 June 2017 (day of this ACET exam) is a Saturday. The number of years in between
17-6-2006 and 17-6-2017 is 11. Number of odd days = 11 + 3 =14 (3 leap years among
the 11 years). Since 14 is a multiple of 7, 17 June 2006 must have been a Saturday too.

66. C. M, I, R, A, C, L and E are mapped to N, K, U, E, H, R and L, respectively. Therefore,

in this code, RECLAIM would be coded as ULHREKN.
67. C. The correct order is :
Plant Cotton Yarn Cloth Saree
2 4 1 5 3

68. B. An ounce measures weight; the other choices measure length.

69. C.
Cricket
Football
18 7 9
3
5 6
12
Basketball

Number of players who play only one game = 18 + 9 +12 = 39

70. C. The set of all terrorists is a subset of the intersection of the set of guilty and
criminals. Hence, some guilty are criminals.
 Institute of Actuaries of India
ACET June 2018
Mathematics

1. If , then

A. is parallel to
B. is perpendicular to
C.
D. none of these. 1 mark

2. , 0. can be continuous at

A. if
B. if
C. if
D. for no value of 1 mark

3. Let and be two continuous functions. Then

Is equal to

A.
B.
C.
D. . 1 mark

4. The number of points at which the function + + does not have a

derivative in is

A. 4
B. 1
C. 2
D. 3. 1 mark

5. For matrices and , if and , then must coincide with

A.
B.
C. identity matrix
D. null matrix. 1 mark
6. The system of equations and has a
unique solution if equals to

A.
B.
C.
D. . 1 mark

7. Suppose Then a possible value of base of the

logarithm is

A.
B. 10
C. 1/3
D. none of these. 1 mark

8. If is a relation on the set of integers the domain

of is

A.
B.
C.
D. . 1 mark

9. The set of intelligent students in a class is

A. a null set
B. not a well defined collection
C. a singleton set
D. a finite set. 1 mark

10. If has complex roots , , then the value of is

A.
B.
C.
D. . 1 mark

11. Suppose , the number of elements in the set is , . Then

is equal to

A. 125
B. 135
C. 120
D. 115. 1 mark
12. The set , then is

A. null set
B. singleton set
C. infinite set
D. none of these. 1 mark

13. The smallest positive integer , for which , is

A. 3
B. 4
C. 6
D. none of these. 2 marks

14. The roots of the complex equation are represented by the vertices of

A. a square
B. an equilateral triangle
C. a rhombus
D. none of these. 2 marks

15. If is a function described by the formula ,

then

A.
B.
C.
D. 2 marks

16. If respectively and where is

the greatest integer less than or equal to , then for all the value of is

A. 1
B.
C.
D. 2 marks

17. The determinant is

A. positive, if
B. negative, if
C. zero, if
D. all of these. 2 marks
18. A college awarded 38 medals in Football, 15 in Basketball and 20 in Cricket. If these medals
went to a total of 58 men and only 3 men got medals in all the three sports, then persons
who received medals in exactly two of three sports are

A. 9
B. 3
C. 18
D. 12. 3 marks

19. For which value of the constant does the function have a minimum
at ?

A.
B.
C.
D. No value of . 1 mark
 Statistics
20. There are two samples, the first of the two samples has 100 items with mean 15 and
standard deviation 3. If the whole group has 250 items with mean 15.6 and standard
deviation , then the standard deviation of the second group is

A. 2 B. 3 C. 4 D. 5. 3 marks

21. For a group of 300 candidates, the mean of scores was found to be 50. Later it was
discovered that the scores 84 and 53 were misread as 48 and 35, respectively. The correct
mean is

A. 50.16 B. 50.18 C. 50.20 D. 50.22. 1 mark

22. From a city population, the probability of selecting (i) a male smoker is 2/5, and (ii) a male
among the smokers is 2/3. The probability of selecting a non-smoker is

A. 4/5 B. 2/5 C. 1/5 D. 3/5 1 mark

23. A pair of fair dice is thrown. If the two numbers appearing are different, the probability that
the sum is 4 or less is

A. 2/15 B. 1/15 C. 4/15 D. 7/15. 1 mark

24. The coefficient of correlation between X and Y is 0.6. Their covariance is 4.8. The variance of
X is 9. Then the standard deviation of Y is

A. B. C. D. . 1 mark

25. Let be normally distributed with mean 0 and variance and be normally distributed
with mean 0 and variance . Let be the correlation coefficient between and , then the
correlation coefficient of and is

A. B. C. D. . 1 mark

26. If and Y are two independent log- normal variates, then and follow the following
two distributions, respectively

A. Normal and Log Normal

B. Normal and Normal
C. Log Normal and Log Normal
D. None of the above 1 mark

27. If has exponential distribution with mean 2, then is

A. –
B. –
C. –
D. – 2 marks
28. In a partially destroyed laboratory, only the following results on the record of a regression
analysis are legible:
Regression equations of on : .
Regression equation of on : .
The correlation coefficient between X and Y is

A. 0.5 B. 0.7 C. 0.6 D. 0.4 2 marks

29. Given that and , are the lines of regression of on and on ,

respectively. Identify which one of the following statements is true.

A. B. C. D.
1 mark

30. A box contains white balls and black balls. Out of these, balls are drawn at random
with replacement (i.e., drawn one at a time and put back in the box each time). The
expected value of the number of white balls drawn is

A. B. C. D. 2 marks

31. In a Poisson distribution, the probability of observing 3 is 2/3 times that of observing 4. The
mean of the distribution is

A. 5 B. 6 C. 7 D. 8 2 marks

32. The sample space consists of integers from to which are assigned probabilities
proportional to their logarithms. Then the conditional probability of the integer , given that
an even integer occurs, is

A.
B.

C.
D. 2 marks
 Data Interpretation

Distribution of Students in different courses and faculty at a Premier Institute is as given in the table
below. Use this information to answer the questions 33 and 34.

Sr. No. Course Faculty Faculty

Engineering Non-Engineering

Girls Boys Girls Boys

1 Business Management 50 90 50 130

2 Computers 46 372 40 64

3 Finance 50 240 24 116

4 Others 24 200 6 10

Total 170 902 120 320

33. If 60% of the boys and 70% of the girls pass the courses taken by them, then what is the
combined pass percentage?

A. 60 B. 62 C. 65 D. 69 1 mark

34. The percentage of girl engineers doing Business management is

A. 10.2 B. 11. 2 C. 12.2 D. None of these 1 mark

 The following graph shows the trend of consumption of metals and plastics in the
production of cars between 2007-12. Consider the graph and answer Questions 35 and 36
based on that.

Consumption of Metals versus Plastics in the given years for

Car Manufacturing( in thousand tonnes)
70
60
50
40
30
20
10
0
2007 2008 2009 2010 2011 2012

Metal Plastics

35. The ratio of the highest total consumption (of the two items taken together) in any single
year to the lowest total consumption in any single year was equal to:

A. 5:3 B. 11:6 C. 7:4 D. 11:7 1 mark

36. What is the highest percentage by which the consumption of Metal has exceeded the
consumption of Plastics in any year during 2007 to 2012? :

A. 18% B. 20% C. 25% D. 30% 2 marks

The following two pie charts exhibit distribution of the overseas tourist traffic from India. The two
charts show the tourist distribution by country and the age profile of the tourists respectively. Study
the charts carefully and answer the questions 37 and 38 which follow.

Country profile of Overseas Tourist Traffic Age profile of Overseas Tourist Traffic from India
from India Below 30
years, 10%
Others, 30-39
20% years, 10%

Above 50
Japan, 10% years, 55%
USA, 50% 40-49
years, 25%
UK, 20%

37. If amongst the “Others” country category, Switzerland accounted for 15% of the Indian
tourist traffic, and it is known from official Swiss records that a total of 30 lakh Indian
tourists had gone to Switzerland during the year, then find the number of 40-49 years old
Indian tourists who went abroad in that year

A. 250 lakh B. 200 lakh C. 300 lakh D. 350 lakh 3 marks

38. Going by the Swiss records mentioned in the previous question, what is the number of 50+
year olds who visited UK during the year assuming that the age distribution of overseas
Indian tourists was uniform for all the countries?

A. 100 lakh B. 110 lakh C. 120 lakh D. 130 lakh 2 marks

 English
39. The antonym of the word 'Calm' is:
A. Music
B. Pain
C. Lull
D. Troubled 1 mark

40. The antonym of the word 'Dreary' is:

A. Surprise
B. Calm
C. Cheerful
D. Composed 1 mark

41. The synonym of the word 'Amused' is:

A. Glad
B. Confused
C. Bewildered
D. Bleared 1 mark

42. The synonym of the word 'Mammoth' is:

A. Large
B. Big
C. Gigantic
D. Hefty 1 mark

43. One word for "a person with identity concealed" is:
A. Hidden
B. Incognito
C. Spy
D. Concealed 1 mark

44. One word for "a thing kept as a reminder of a place or event" is:
A. Nostalgic
B. Remembrance
C. Memorial
D. Souvenir 1 mark

45. The alternative which replaces ‘?’ in "Rural : Hut :: Urban : ?" is:
A. Concrete
B. Apartment
C. Office
D. House 1 mark
46. The meaning of 'Truant' is:
A. one who does not fulfil her/his responsibilities
B. one who is notorious by nature
C. one who makes deceitful pretences
D. one who is absents herself/himself from school or work without permission 1 mark

47. The alternative which replaces ‘?’ in "Pleasure : Happy :: Pain : ?" is:
A. sad
B. sorry
C. pitiful
D. pathetic 1 mark

48. Meaning of the phrase "to call it a day" is:

A. to go home late after work
B. to enjoy with friends
C. to take leave for a day
D. to quit work and go home 1 mark

49. Meaning of the phrase "to throw in the towel" is:

A. to become a participant in a contest
B. to admit failure
C. to go for swimming
D. to sweat a lot in some sports or exercise 1 mark

50. Meaning of the phrase "Couch potato" is:

A. a lazy and inactive person who watches a lot of television
B. a person who eats lot of potato chips while watching the television
C. a person who has a big belly
D. a person who watches television 1 mark

51. Rearrange the following parts (1, 2, 3 and 4) in proper sequence to obtain a correct
sentence:
I. that juniors would not
II. the management meeting
III. be allowed to attend
IV. the manager was certain

A. I, II, III, IV
B. I, II, IV, III
C. IV, II, III, I
D. IV, I, III, II 1 mark
52. Rearrange the following parts (1, 2, 3 and 4) in proper sequence to obtain a correct
sentence:
I. to make amends
II. Mira saw her opportunity
III. when Karan came to her home
IV. to borrow her car

A. III, I, II, IV
B. III, II, IV, I
C. II, III, I, IV
D. II, I, III, IV 1 mark

53. Rearrange the given parts (1, 2, 3 and 4) in proper sequence to obtain the correct part of the
sentence "An eighteenth century Asian painting ..............":
I. as would a
II. does not
III. represent an actual view
IV. classical Western painting

A. I, II, III, IV
B. II, III, I, IV
C. III, I, IV, II
D. II, III, IV, I 1 mark

54. Select the most logical order of sentences from among the given choices to construct a
coherent paragraph:

P: They can even perform transplants.

Q: Nowadays, doctors stops a patient's heart and carry out major operations.
R: If heart stops we die in about five minutes.
S: A few years ago, it was impossible to operate on a patient whose heart was not working
properly.

A. RSQP
B. QSPR
C. SPRQ
D. SRPQ 2 marks
55. Select the most logical order of sentences from among the given choices to construct a
coherent paragraph:

P: Metals are being replaced by polymers in many applications.

Q: They are cheaper and easier to process making them a viable alternative to metals.
R: Today polymers as strong as metals have been developed.
S: For example, they have replaced the traditional chromium-plated metallic bumpers in
cars.

A. PQRS
B. RQPS
C. SPQR
D. RSPQ 2 marks

56. Fill the blanks in the sentence "One should not .......... people with ...........":
A. decide, bias
B. blame, discretion
C. judge, prejudice
D. praise, qualities 2 marks

57. Fill the blanks in the sentence "Doubt is .......... not the end of ...........":
A. killer, tolerance
B. hope, knowledge
C. important, dumbness
D. beginning, wisdom 2 marks

58. Fill the blanks in both sentences by a single word:

The .......... of the cab was arrested two days after the accident.
Women’s safety was the main.......... behind the decision on Pink cabs.

A. Issue
B. Owner
C. Driver
D. Passenger 2 marks

59. Choose the correct sentence:

A. When the car was searched, it was found.
B. When the car was searched for, it was found.
C. When the car was searched about, it was found.
D. When they searched for the car, they found. 2 marks

60. Choose the correct sentence:

A. Work expands so fill the time available.
B. Work expands so that fill the time available.
C. Work expands as much as fill the time available.
D. Work expands so as to fill the time available. 2 marks
Read the passage below and answer Question No. 61:

Taking a picture with a camera is making a decision about composition. It means how you
choose to frame the picture you're about to make. Many books have been written about
composition, and while no two people are likely to frame the same scene the same way, there
are some general guidelines that can help you improve your photos and make them better. First
you need to decide, while composing a picture, what your subject is. Of all the things you see in
front of you, which one is the reason for your taking the photo? Once you've answered that
question you can begin to work on how best to show that subject. The rule of thirds is a guide to
help you do just that. When you look through your viewfinder or at the LCD screen, imagine a
tic-tac-toe grid over the scene. These gridlines are a guide to help you frame your image and
won’t show up in your final picture. Notice where the lines intersect. The rule of thirds suggests
that these points are the best places to position your subject. Doing so will generally result in a
pleasant and balanced composition. Try moving your camera so your subject appears where two
of the lines meet. The subject doesn’t have to be directly on the intersection but somewhere
close to it. Try a couple of different compositions to find the one you like best. These same
gridlines can help you to keep your horizons level and the vertical elements in your photo
straight.

I. Using the rule of thirds, you can compose your picture:

i. as you wish
ii. similar to others
iii. that looks better

II. While composing a picture, first of all you decide:

i. the subject
ii. the composition
iii. the points of intersection on a tic-tac-toe grid

III. How many points are suggested by the rule of thirds to place your subject?
i. Nine
ii. Three
iii. Four

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

A. iii, iii, ii, respectively
B. i, ii, iii, respectively
C. iii, i, iii, respectively
D. ii, i, i, respectively 3 marks
Read the passage below and answer Question No. 62:

Over the last thirty years, there has been increasing scientific evidence that pets can help to
keep us fit and well. Pets can even help speed up recovery after major illness. A study found that
owning a pet produced improvements in general health in as little as one month. This continued
over the 10-month study. Pet owners were found to suffer fewer ailments, such as headaches,
colds and hay fever. Stroking a pet or simply watching a fish swim in an aquarium helps us to
relax. Indeed, the mere presence of a pet seems to have the same effect, reducing heart beat
rate and lowering blood pressure. Research has shown that this effect is particularly marked in
people suffering from high blood pressure. The reduction in blood pressure is equivalent to that
gained by eating a low salt diet or cutting down on alcohol consumption. Heart disease is one of
the UK's biggest killers, yet it is another area where pets provide health benefits. One study
showed that keeping a pet significantly reduced levels of cholesterol and blood triglyceride. This
fact, combined with the reduction in blood pressure from being with a pet, may make pet
owners less prone to heart attacks than non-pet-owners. Pet ownership proved to be one of the
best predictors of survival from a heart attack, according to an American study. The study
showed that those patients who owned a pet had a much better chance of surviving for more
than a year after a heart attack - a difference which could not be explained by the extra exercise
the pet owners enjoyed. Children who own pets are often less self-centred than those who do
not. Psychiatrically ill people were happier as a result of looking after a pet. Pets provide
companionship and promote a general feeling of well-being. For example, pets in residential
homes improve both patient and staff morale. Pets can lessen the feelings of isolation and
loneliness and provide a sense of purpose among elderly people. Having to make the effort to
care for a pet on a regular basis provides a feeling of fulfilment.

I. Owning a pet helps in ….....:

i. learning mathematics
ii. recovering from various disease
iii. making friends

II. Pet owners were found to suffer from ……...:

i. headache
ii. allergies
iii. don’t know

III. Pets can provide ……….:

i. lesser feeling of loneliness
ii. improved muscle mass
iii. both (i) and (ii)

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

A. iii, iii, i, respectively
B. ii, iii, i, respectively
C. ii, i, iii, respectively
D. ii, iii, iii, respectively 3 marks
 Logical Reasoning
63. Neena and Veena were Darshan’s wives. He had no other wife. Deepika is Veena’s step-
daughter. How was Neena related to Deepika?

A. Sister
B. Mother-in-law
C. Mother
D. Step-daughter 1 mark

64. The six faces of a cube are coloured black, brown, green, red, white and blue.
I. Red is opposite to black,
II. Green in between red and black,
III. Blue is adjacent to white,
IV. Brown is adjacent to blue,
V. Red is at the bottom.

Which colour is opposite to brown?

A. White
B. Red
C. Green
D. Blue 1 mark

65. It was Sunday on Jan 1, 2006. What was the day of the week Jan 1, 2010?

A. Sunday
B. Saturday
C. Friday
D. Wednesday 1 mark

66. If in a certain code, ‘DAUGHTER’ is written as ‘TERDAUGH’, how will ‘APTITUDE’ be written in
that code?

A. DEUAPTIT
B. UDEAPTIT
C. DUEAPTIT
D. DAUEPTIT 1 mark
67. Arrange the words given below in a meaningful sequence.

1. Probation. 2. Interview 3. Selection 4. Appointment 5. Advertisement 6. Application

A. 5, 6, 3, 2, 4, 1
B. 5, 6, 4, 2, 3, 1
C. 5, 6, 2, 3, 4, 1
D. 6, 5, 4, 2, 3, 1 1 mark

68. Which word does not belong with the others?

A. dodge
B. flee
C. duck
D. avoid 1 mark

69. A college has 60 students studying Political Science, Chemistry and Botany. 33 students
study Political Science, 25 Chemistry and 26 Botany. 10 study Political Science and
Chemistry, 9 study Botany and Chemistry while 8 study both Political Science and Botany.

How many students study all the three subjects?

A. 2
B. 3
C. 5
D. 7 2 marks

70. In the following question, two statements are given followed by four conclusions numbered
I, II, III and IV. You have to take the given statements to be true even if they seem to be at
variance from the commonly known facts and then decide which of the given conclusions
logically follows from the given statements disregarding commonly known facts.

Statements

All politicians are honest.

All honest are fair.

Conclusions:

I. Some honest are politicians.

II. No honest is politician.
III. Some fair are politicians.
IV. All fair are politicians.

A. None follows.
B. Only I follows.
C. Only I and II follow.
D. Only I and III follow. 2 marks
 Institute of Actuaries of India
ACET June 2018 Solutions
Mathematics

1. B. Using simplifications , and

(likewise) we get . Hence the
conclusion.

2. D. The reason is that does not exist.

3. D. Here the integrand is an odd function of .

4. A. Over , is not differentiable at , is not differentiable at

and is not differentiable at

5. B. . As
and .

6. D. The value of the coefficient determinant is . So

for a unique solution.

7. C. Let be the base of the logarithm. Then both and are strictly
increasing functions of . However, is a strictly
decreasing function. (In fact, for any is a strictly
decreasing function). So 1/3 is the only appropriate base (among the available
choices) for the given implication to hold.

8. D. implies integral values of are , , , , .

9. B.

10. A. Here , , . Hence value of the given expression is

.

11. A. From Venn diagram, it is clear that

Hence

12. B. implies that So, is a singleton set.

13. C. Since and , the given equation implies
, i.e., . This holds when is a multiple of 6. So the least value of
the positive integer is .

14. B. The given equation can be factored as , which has root

, where ω is one of the imaginary cube roots of unity. The polar
representation of the distinct roots are , and which are the
vertices of an equilateral triangle.

15. B. Clearly , . Thus . Other ordered pairs also

satisfy

16. A. , which implies that Thus

17. D. The given determinant is equal to .

18. A. , , , , ,
where , and are sets of men who received medals in Football, Basketball
and Cricket respectively.
Required number =

19. D. . This is equal to zero at . For this to be equal to

, should be . Also, , which is negative for .
Therefore, is only a maxima (not a minima).

Statistics

20. C. By using the formulae and

, we have .

21. B.

22. B. , . .

23. A. The total number of pairs of different outcomes (while distinguishing between the
two die) is 30. The favourable outcomes are , , , . Therefore, the
required probability is 2/15.

24. A. . Therefore, .
25. D.
. Since the covariance is zero, the correlation is also zero.

26. C. normal. Likewise, normal.

Thus, both and have log-normal distribution.

–
27. B. .

28. C. Regression coefficient of on , . Regression coefficient of

on , . Therefore, . Thus, .
Since both the regression coefficients are positive, we take .

29. A. . Therefore, .

th
30. A. Suppose is a binary variable indicating whether the ball drawn in the draw is
white. . Therefore, the required expected value is
.

31. B. Let the mean of the distribution be . Then and ,

so that means , i.e., , i.e., .

32. C. .

Data Interpretation

33. B. Total no. of students . .

Combined pass % is (approx.).

34. D. % of girl engineers doing business management

35. B. The extremes occur in 2010 and 2008; ratio .

36. C. The steepest percentage difference occurred in 2009, when it was .

37. A. Total Indian tourists lakh. Therefore, the number of

Indian tourists in the age bracket 40-49 lakh.

38. B. lakh.
 English

39. D
40. C
41. A
42. C
43. B
44. D
45. B
46. D
47. A
48. D
49. B
50. A
51. D
52. D
53. B
54. A
55. B
56. C
57. D
58. C
59. B
60. D
61. C
62. B
 Logical reasoning

63. C
64. A
65. C.

Number of odd days from the year 2006 to the year 2009 days.
On 1st January 2006 it was Sunday.
Thus, on 1st Jan 2010, it is Friday.

66. B

As DAUGHTER TERDAUGH
12345678 67812345

Similarly APTITUDE UDEAPTIT

12345678 6 7812345

67. C. The correct order is

Advertisement Application Interview Selection Appointment

Probation

562341

68. B. Dodge, duck and avoid are all synonyms meaning evade. Flee means to run away
from.

69. B
Chemistry
Political
Science 18 7 9

3
5 6

12
Botany

70. D. The set of fair people contains the set of honest people, which contains the set of
politicians. Therefore, some fair people are politicians. By the same logic, some honest
persons are politicians too. The other statements do not follow.