Institute of Actuaries of India

ACET June 2023

Mathematics
𝑥 3𝑥−2 𝑥+1
1. The set of values of 𝑥 satisfying ≥ − is
2 5 2
9
A. − 4 ≤ 𝑥 < ∞.
9
B. − 4 < 𝑥 < ∞.
9
C. − 4 ≤ 𝑥 ≤ 0.
9
D. − 4 < 𝑥 < 0.
2 marks

2. A class in a college has 70 students. Among them, 48 students have opted for
mathematics as optional and 32 students have opted for physics as optional. Each
student has opted for at least one of these two subjects. The number of students who
have opted for both mathematics and physics is
A. 60.
B. 32.
C. 16.
D. 10.
1 mark

3. If 𝑓(𝑥) = 2𝑥 + 1, Then
𝑥
A. 𝑓 −1 (𝑥) = 2 − 1.
𝑥−1
B. 𝑓 −1 (𝑥) = 2
.
C. 𝑓 −1 (𝑥) = 2𝑥 − 1.
1
D. 𝑓 −1 (𝑥) = 2𝑥+1.
1 mark

4. The principal value of cosec −1 √2 is

𝜋
A. .
2
𝜋
B. .
3
𝜋
C. .
4
𝜋
D. 6
.
1 mark

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 15
5. The coefficient of 𝑥 5 in the expansion of (𝑥 − 1 ) is
𝑥

A. (15
5
).
B. −(15
5
).
C. 1.
D. −1.
1 mark
11
6. The value of log 3 𝑥 + log 9 𝑥 + log 27 𝑥 = . Then, the value of 𝑥 is
3

A. 39.
B. 27.
C. 9.
D. 3.
2 marks

7. If 𝑥 and 𝑦 are real and if (𝑥 + 𝑖𝑦)(5 + 4𝑖) is the conjugate of −4 + 12𝑖 , then 𝑥 and 𝑦
are, respectively,
28 76
A. , .
41 41
76 28
B. , − 41.
41
68 44
C. − 41 , 41.
68 44
D. − 41 , − 41.
3 marks
1 1
8. The first and third terms of a Harmonic Progression (HP) are 3 and 7, respectively.
Then the sum of 15 terms formed by the reciprocals of HP is
A. 245.
B. 255.
465
C. .
2

D. 265.
2 marks

9. If 𝑥 2 − 𝑥 + 3𝜇 = 0 and 4𝑥 2 − 5𝑥 + 𝜇 = 0 , (𝜇 ≠ 0) have the common root 𝛼, then 𝛼

is equal to
14
A. .
11
11
B. .
14
14
C. − 11.
D. 0.
3 marks

10. The following table gives the value Φ(𝑥), for three different values of 𝑥 from standard

Page 2 of 18
 normal table.
x 1.0 1.1 1.2
Φ(𝑥) 0.8413 0.8643 0.8849
Assuming Φ(𝑥), to be linear in between the successive values of 𝑥 given above, the
value of Φ(1.05) is
A. 0.8320.
B. 0.8852.
C. 0.8528.
D. 0.8621.
1 mark

11. The function 𝑓(𝑥) = 𝑥𝑒 𝑥 ; 𝑥 > 0 has the following tabulated values.
x 0 0.25 0.5 0.75 1.00
f(x) 0 0.3210 0.8244 1.5878 2.7828
1
The approximate value of the integral ∫0 𝑓(𝑥)𝑑𝑥 by Trapezoidal rule is
A. 1.37895.
B. 0.689475.
C. 0.9421.
D. 1.03115.
2 marks

𝑒 𝑥 −𝑒 5
12. The value of lim is
𝑥⟶5 𝑥−5

A. 𝑒 5 .
B. 𝑒 −5 .
C. log 𝑒 5.
D. 1.
1 mark

𝑥 3 −1 log 𝑥 𝑑𝑦
𝑒
13. If 𝑦 = 𝑒 2 , then 𝑑𝑥 is equal to
2− 1 1
A. 𝑒 3𝑥 2𝑥 (3𝑥 2 − 2𝑥).
3 1 1
B. 𝑒 𝑥 (3𝑥 2 − 2𝑥).
√𝑥
3 1
C. 𝑒 𝑥 √𝑥 (3𝑥 2 − ).
2𝑥
2− 1
D. 𝑒 3𝑥 2𝑥 .
2 marks

14. The interval in which the function 𝑓(𝑥) = 𝑥 3 𝑒 −2𝑥 is strictly increasing in 𝑥 is
3
A. (−∞, − ).
2
3
B. (− 2 , ∞).

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 3
C. (−∞, 2).
3
D. ( , ∞).
2
1 mark
5
15. The value of the integral ∫4 5𝑥 𝑑𝑥 is
2500
A. .
log𝑒 5

B. 2500 log 𝑒 5.
1
C. .
log𝑒 5

D. log 𝑒 5 − log 𝑒 4.
2 marks

16. The value of ∫(3𝑥 2 − 4 tan 𝑥 + 3√𝑥) 𝑑𝑥 is

A. 𝑥 3 + 4 log(cos 𝑥) − 2𝑥√𝑥 + 𝐶.
B. 𝑥 3 − 4 log(cos 𝑥) − 2𝑥√𝑥 + 𝐶.
C. 𝑥 3 − 4 log(cos 𝑥) + 2𝑥√𝑥 + 𝐶.
D. 𝑥 3 + 4 log(cos 𝑥) + 2𝑥√𝑥 + 𝐶.
1 mark

sin 𝜃 cos 𝜃
17. The inverse of [ ] is
− cos 𝜃 sin 𝜃
sin 𝜃 cos 𝜃
A. [ ].
−cos 𝜃 sin 𝜃
sin 𝜃 − cos 𝜃
B. [ ].
cos 𝜃 sin 𝜃
− cos 𝜃 sin 𝜃
C. [ ].
sin 𝜃 cos 𝜃
sin 𝜃 cos 𝜃
D. [ ].
cos 𝜃 sin 𝜃
1 mark

18. If 𝜃 is the angle between any two vectors 𝑎⃗ and 𝑏⃗⃗, and if |𝑎⃗ ° 𝑏⃗⃗| = |𝑎⃗ × 𝑏⃗⃗|, then 𝜃
is equal to
𝜋
A. .
2
𝜋
B. .
3
𝜋
C. .
4
𝜋
D. .
6

1 mark

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19. If |𝑎⃗| = 1, |𝑏⃗⃗| = 2 and |𝑐⃗| = 3 and if 𝑎⃗ + 𝑏⃗⃗ + 𝑐⃗ = 0, then 𝑎⃗ ° 𝑏⃗⃗ + 𝑏⃗⃗ ° 𝑐⃗ + 𝑐⃗ ° 𝑎⃗ is

equal to
A. −7.
B. 7.
C. 14.
D. −14.
1 mark

20. If
2
𝑀 = [3],
4
then the rank of 𝑀𝑀𝑇 (𝑇 denotes the transpose) is
A. 0.
B. 3.
C. 2.
D. 1.
1 mark

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 Statistics
21. The weighted arithmetic mean of 13, 15, 18, 20 with weights 𝑤1 , 𝑤2 , 𝑤3 and 𝑤4
respectively, is known to be 16. If the weights are changed to 4𝑤1 , 4𝑤2 , 4𝑤3 and 4𝑤4 ,
then the weighted arithmetic mean is
A. 4.
B. 16.
C. 64.
D. in between 16 and 64.
1 mark

22. The mean of the numbers 1, 3, 4, 4, 5, 7 is 𝑀. The numbers 2, 2, 2, 3, 3, 4, 𝑝 have mean

𝑀 − 1 and median 𝑞. Then 𝑝 and 𝑞 are
A. 4.5 and 3.
B. 5 and 2.5.
C. 5 and 3.
D. 4 and 3.
1 mark

23. If the random variables 𝑋 and 𝑌 are such that the arithmetic mean of
7, 7, 8, 𝑋, 10, 12, 𝑌 is 11, then the correlation coefficient between 𝑋 and 𝑌 is
A. −1.
B. 0.
C. 0.5.
D. 1.
1 mark

24. Marks obtained by 70 students in a subject are given in the following table.
Marks 20 70 50 60 75 90 40
Number of students 8 12 18 6 9 5 12
The median and mode marks are
A. 50, 90.
B. 60, 50.
C. 55, 50.
D. 50, 50.
1 mark

25. If 𝑃(𝐸) = 2, 𝑃(𝐹) = 3 and 𝑃(𝐸 ∩ 𝐹) = 1, then 𝑃(𝐸̅ |𝐹̅ ) × 𝑃(𝐹̅ |𝐸̅ ) is equal to
5 10 5

A. 5
.
6

B. 5
.
7

C. 25
.
42

D. 1.
1 mark

Page 6 of 18
26. If 𝐸 and 𝐹 are independent events such that 𝑃(𝐸) = 𝑝, 𝑃(𝐹) = 2 𝑃(𝐸) and
5
probability that exactly one of 𝐸 and 𝐹 occurs is 9, then the possible values of 𝑝 are
2 1
A. , .
5 4
1 5
B. , .
9 12
1 5
C. , .
5 12

D. 1 5
, .
3 12

1 mark

27. Let 𝑋 be a random variable with probability density function

1 1 2 −20𝑥+100)
𝑓(𝑥) = 𝑒 −8(𝑥 , −∞ < 𝑥 < ∞
2√2 𝜋
The mean, median and mode of the distribution are
A. 8,8,8.
B. 10,10,10.
C. 8,10,12.
D. 10,8,10.
1 mark

28. Suppose 𝑋 is a random variable with probability density function

1 −𝑥
𝑓(𝑥) = 𝑥𝑒 𝜆 , 𝑥 > 0, 𝜆 > 0.
𝜆2
If 2 is the unique mode of the distribution, then 𝜆 equals
A. 2.
B. 3.
C. 4.
D. 5.
1 mark

29. The lifetime 𝑋 (in years) of a memory chip in a laptop computer has the distribution
with probability density function
1 −𝑥 2
𝑓(𝑥) = {8 𝑥𝑒 , 0≤𝑥<∞
16

0, otherwise
The probability that a memory chip will not fail before 6 years is
A. 1 − 𝑒 −2.25.
B. 1 − 𝑒 −2.
C. 𝑒 −2 .
D. 𝑒 −2.25.
1 mark

Page 7 of 18
30. The number of chocolate chips in a certain type of cookie have a Poisson distribution.
The probability that a cookie of this type contain at least one chocolate chip is 1 −
𝑒 −4.2. The probability that a randomly selected cookie contains exactly one chocolate
chip is
A. 𝑒 −4.2.
B. 1 − 𝑒 −4.2.
C. 4.2𝑒 −4.2.
D. 1 − 4.2𝑒 −4.2 .
1 mark

31. Let 𝑋 be a random variable with probability mass function

1
, if 𝑥 = 1, 2,
4
1 𝑝
𝑝(𝑥) = 4 + 4 , if 𝑥 = 3,
1 𝑝
− , if 𝑥 = 4,
4 4
{0 otherwise.
If 𝐸(𝑋) = 2.4, then 𝑝 equals
A. 0.10.
B. 0.40.
C. 0.48.
D. 0.84.
1 mark

32. Let 𝑋 be a random variable with probability density function

𝜙(𝑥)
, 𝑎≤𝑥≤𝑏
𝑓(𝑥) = {Φ(𝑏) − Φ(𝑎)
0, otherwise
where 𝜙(𝑥) and Φ are the probability density function and cumulative distribution
function of standard normal distribution. Then 𝐸(𝑋) equals
𝜙(𝑎)−𝜙(𝑏)
A. .
Φ(𝑏)− Φ(𝑎)
𝜙(𝑏)−𝜙(𝑎)
B. .
Φ(𝑏)−Φ(𝑎)
𝜙(𝑎)+𝜙(𝑏)
C. .
2[Φ(𝑏)− Φ(𝑎)]
D. 0.
1 mark

33. If the letters of the word ‘ANACONDA’ are written at random, the probability that no
two A’s occur together is
A. 3
.
14

B. 5
.
14

C. 5
.
84
1
D. .
12
2 marks

Page 8 of 18
34. Suppose 𝐴 can hit a target 5 times in 6 shots, 𝐵 can hit 4 times in 5 shots and 𝐶 can hit
3 times in 4 shots. The probability that exactly two of 𝐴, 𝐵 and 𝐶 will hit the target,
when the three of them independently hit one shot each, is
47
A. .
120
27
B. .
120
2
C. .
3
1
D. .
2
2 marks

35. An insurance company insured 1000 scooters, 2000 cars and 3000 trucks. The
probabilities of the accident involving a scooter, a car and a truck are 0.02, 0.03 and
0.04, respectively. One of the insured vehicles meets with an accident. The conditional
probability that it is a truck is

A. 0.33.
B. 0.04.
C. 0.5.
D. 0.6.
2 marks

36. Let 𝑋 have the probability mass function

1 3 𝑥
𝑝(𝑥) = ( ) , 𝑥 = 0, 1, 2, …
4 4
Then 𝑃(𝑋 = 3|𝑋 ≥ 3) equals
1
A. .
4
27
B. .
64
27
C. .
256
1
D. .
2
2 marks

37. Let 𝑋 ∼ Binomial (2, 𝑝) and 𝑌 ∼ 𝐵𝑖𝑛𝑜𝑚𝑖𝑎𝑙(4, 𝑝). If 𝑃(𝑋 ≥ 1) = 5, then 𝑃(𝑌 ≥ 1) is
9
16
A. .
81
25
B. .
81
65
C. .
81
4
D. .
9

2 marks
38. Let 𝑋 be a random variable with probability density function
1
𝑓(𝑥) = {2 , −1 ≤ 𝑥 ≤ 1,
0, otherwise.
The correlation coefficient between 𝑋 and 𝑋 4 is

Page 9 of 18
 A. −1.
B. 0.
C. 0.5.
D. 1.
2 marks

39. The relationship between 𝑥 and 𝑦 is 𝑦 + 2𝑥 = 0, and that between 𝑢 and 𝑣 is 𝑣 = 6 +

3𝑢. If the regression coefficient of 𝑥 on 𝑢 is 2.4, then the regression coefficient of 𝑦 on
𝑣 is
A. −0.4.
B. −1.6.
C. 0.8.
D. 1.2.
3 marks

40. Let 𝑋1 and 𝑋2 have the joint probability density function

𝑘(𝑥 + 𝑥2 ), 0 < 𝑥1 < 1, 0 < 𝑥2 < 1,
𝑓(𝑥1 , 𝑥2 ) = { 1
0, otherwise,
where 𝑘 is constant. Define a random variable
1, if 𝑋1 + 𝑋2 ≤ 1,
𝑍={
0, if 𝑋1 + 𝑋2 > 1.
Then 𝐸(𝑍) equals
2
A. .
3
3
B. .
5
1
C. .
3
4
D. .
5

3 marks

Page 10 of 18
 Data Interpretation
The following graph and bar chart give the number of students admitted to different courses
of a University and the percentages of male and female students for 10 years from 2013 to
2022. Answer questions 41-44 based on the information given in this table.

Number of students admitted Percentage of students admitted

650 100%
620
90%
600 30 28 30 32 25 28 30 35
80% 38 40
600 580
70%
550 60%
550 520 50%
500 500 500 500 40%
70 72 70 68 75 72 70 65
500 480 30% 62 60
20%
10%
450
0%

400

Male Female

41. The number of years in which percentage of male students is less than twice that of
female students is
A. 0.
B. 1.
C. 2.
D. 3.
1 mark

42. The number of male students admitted is highest in the year

A. 2017.
B. 2018.
C. 2019.
D. 2020.
1 mark

43. The minimum and maximum number of female students were admitted in the years
A. 2014 and 2020.
B. 2015 and 2021.
C. 2017 and 2022.
D. 2019 and 2022.
2 marks

44. The years in which the number of male students admitted is more than 2.5 times the
number of female students are
A. 2013, 2014 and 2017.

Page 11 of 18
 B. 2014, 2015 and 2018.
C. 2015, 2018 and 2019.
D. 2014, 2017 and 2018.
2 marks

The composite column chart given below show the market shares of four brands of a
particular product in three different markets. Market A is twice as large as Market C and half
as large as Market B in value. Answer questions 45-48 based on this information.

100%
90% 25% 30% 15%

80% 25%
70% 35%
60% 20% Brand I

50% 15% Brand II

40% 35% Brand III
45%
30% 20%
Brand IV
20%
10% 20%
15%
0%
Market A Market B Market C

45. Which of the market shares described below is the smallest?

A. Share of Brand I in Market C.
B. Share of Brand II in Market B.
C. Share of Brand I in Market A.
D. Share of Brand IV in Market A.
1 mark

46. Identify the correct one among the statements given below.
A. Business value of Brand IV is more in Market A than in Market B.
B. Business value of Brand I is more in Market C than in Market A.
C. Business value of Brand II is more in Market B than in Market A.
D. Business value of Brand III is more in Market C than in Market A.
1 mark

47. The value share of Market B in the combined market (A, B and C) is
A. 28.6%.
B. 33.3%.
C. 14.3%.
D. 57.1%.
1 mark

48. The brand having the largest value share in the combined market (A, B and C) is
A. Brand I.
B. Brand II.
C. Brand III.
D. Brand IV.
Page 12 of 18
 2 marks

The following table gives proficiency in mathematics and proficiency in reading among
adolescents for 20 countries. Answer questions 49-51 based on the information in the table.

Sr. No. Country Proficiency in math Proficiency in reading

Boys Girls Boys Girls
1 Singapore 92 95 86 92
2 South Korea 84 86 81 89
3 Vietnam 79 83 81 91
4 Israel 63 69 60 77
5 Malaysia 56 60 47 61
6 UAE 45 48 46 68
7 Thailand 43 51 31 49
8 Canada 84 84 82 90
9 Finland 83 87 80 93
10 UK 82 80 79 86
11 Belgium 82 79 75 82
12 Sweden 81 82 77 86
13 Germany 79 79 76 84
14 France 79 79 75 84
15 New Zealand 79 78 77 86
16 Russia 78 78 73 83
17 Australia 78 77 76 85
18 Portugal 77 77 76 84
19 USA 74 72 77 85
20 Italy 64 61 72 81

49. The country where proficiency in reading is better for boys than girls is
A. Canada.
B. South Korea.
C. Thailand.
D. None.
2 marks

50. The number of countries where proficiency in reading is at least 75 both for boys and
girls is
A. 15.
B. 16.
C. 14.
D. 18.
1 mark

51. Among the countries with math proficiency level more than 75 for boys and girls,
which are the countries where boys performed better than girls?
A. UK, Belgium, New Zealand and Australia.
B. UK, Belgium, USA and Italy.
C. Germany, Finland and Italy.
D. USA, UK, Italy.
1 mark

Page 13 of 18
 English
52. One who files a suit in a court is called a

A. suitor.
B. plaintiff.
C. accused.
D. victim.
1 mark

53. One who abandons one’s religious faith is called a

A. zealot.
B. apostate.
C. fanatic.
D. adherent.
1 mark

54. One who is able to use the left and right hands equally well is called
A. ambidextrous.
B. ambivalent.
C. equivocal.
D. multifaceted.
1 mark

55. Fill the blank:

Ramesh helped the old lady to _________ the bus.
A. mount on.
B. get on.
C. get up.
D. put on.
1 mark

56. Fill the blank:

Rama went to the library to _________ a book.
A. look out.
B. look after.
C. look for.
D. look up to.
1 mark

57. Fill the blank:

The pupils _________ talking when the teacher arrives.
A. carry on.

Page 14 of 18
 B. get on.
C. break out.
D. remain on.
1 mark

58. Fill the blank:

I've been taking English lessons for three months but I _________ haven't made much
progress!
A. already.
B. still.
C. always.
D. yet.
1 mark

59. Fill the blank:

_________ earning a low salary, Linda gave money to her parents.
A. Although.
B. Even.
C. In spite of.
D. Though.
1 mark

60. Choose the meaning of underlined phrase in the following sentence:

His investments helped him make a killing in the stock market.
A. Lose money quickly.
B. Plan a murder.
C. Murder someone.
D. Make money quickly.
2 marks

61. Choose the meaning of underlined phrase in the following sentence:

I've got a busy day tomorrow, so I think I'll hit the sack.
A. Get prepared.
B. Go to sleep.
C. Take a bath.
D. Start packing.
2 marks

Read the passage below and answer Question No. 62.

Mathematician John von Neumann and economist Oskar Morgenstern gave a revolutionary
new idea called Game Theory in the 1940s. It used the established mathematical models to
develop viable strategies for the best outcome for all participants (referred to as players). In
addition to mathematics, it also applies principles of social sciences and psychology in real-
Page 15 of 18
world market situations. A few classical scenarios for research include the following.
Pirate Game: There is one stockpile of money which is more than enough for all players. They
have the choice to divide it equally or manipulate others to take the larger share for themselves.
Shrinking Pie Game: All players are faced with a constantly depleting resource. Only after they
decide how to split it they can sustain the market.
Prisoner's Dilemma: The players are isolated and forced to confess a secret. The choice here is
that if a player gives up first, they walk free while everyone else faces severe consequences.
However, if no one gives it up, they collectively face a milder punishment.
I. There is abundant resource or money in
i. Pirate Game
ii. Shrinking Pie Game
iii. Both

II. In Prisoner’s Dilemma,

i. All players get the same punishment.
ii. All players continue in the game till the last.
iii. Can’t say

III. Game theory

i. Has feasible strategies for the best outcome for all players.
ii. Is a topic of pure mathematics.
iii. Both
62. The correct answers to I, II and III are
A. ii, iii, iii, respectively.
B. i, ii, iii, respectively.
C. i, iii, i, respectively.
D. iii, ii, i, respectively.
3 marks

Page 16 of 18
 Logical Reasoning

63. In the diagram below, the circle represents students who drink orange juice, the triangle
represents students who drink lemon juice and the rectangle represents students who drink
mango juice.

12
21
4
2 3 6

24
The number of people who drink orange and lemon juice but not mango juice is
A. 4.
B. 7.
C. 3.
D. 37.
1 mark

64. At 12: 00 noon, in how much time (in minutes) will the angle (when counted in the
clockwise direction) between the hour and the minute hands of a clock be 275 degrees?

A. 35.
B. 40.
C. 45.
D. 50.
1 mark

65. If today is Sunday, then what was the day 52 days before today?
A. Thursday.
B. Tuesday.
C. Wednesday.
D. Friday.
1 mark

66. A cuboid of dimensions 45 cm, 75 cm and 90 cm is to be divided into identical cubes of

side X cm. What is the maximum possible value of X?
A. 10.
B. 12.
C. 15.
D. 17.
1 mark

Page 17 of 18
 67. Identify the sequence, among the given options, which does not follow the same logical
order as the other three sequences.
A. Grass, grasshopper, frog, snake, hawk.
B. Sentence, paragraph, section, chapter, book.
C. Household, village, block, district, state.
D. Chromosome, nucleus, cell, tissue, body.
1 mark

68. C has 4 grandsons. D, son of C, has siblings X and P, but has no kids. S and M are the
only nephews of P. Z and Y are grandsons of C. How are S and Z related?
A. Father and son.
B. Cousins.
C. Grandfather and grandson.
D. Uncle and nephew.
1 mark

69. Choose the set of three statements where the third statement can be logically derived from
the preceding two:
a. All Turns are Good
b. All Cans are Good
c. Some Turns are Cans
d. No Vans are Cans
e. Some Vans are not Good
f. Some Cans are Good
A. b, a, c.
B. d, b, e.
C. c, d, b.
D. a, c, f.
2 marks

70. There are seven people A, B, C, D, E, F and G standing in a row. B and E are at the two
ends. C is standing exactly between G and D. A is standing to the immediate left of D. G is
standing exactly between C and E.

Who is standing to the immediate left of G?

A. E.
B. C.
C. D.
D. A.
2 marks

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