Exam Details
| Subject | Actuarial Economics: Theory and Practice | |
| Paper | ||
| Exam / Course | Master of Arts in Economics | |
| Department | School of Social Sciences (SOSS) | |
| Organization | indira gandhi national open university | |
| Position | ||
| Exam Date | December, 2015 | |
| City, State | new delhi, |
Question Paper
Answer any two questions from this section.
Explain the terms Survival function, Distribution function, Hazard function.
Show that for the exponential density function, the hazard rate is a constant.
2. Explain the terms -Term insurance and Pure endowment insurance. Calculate their expected net present values.
3. Define lognormal distribution. Find its mean and variance.
4. What are the main functions of reinsurance Explain the meaning of proportional and non-proportional reinsurance.
Answer any five questions from this section.
5. State and prove Chebyshev's inequality.
6. Explain compound Poisson distribution. Calculate its expected value.
7. What is Black-Scholes model What are the assumptions made in it Write down the Black-Scholes differential equation.
8. Explain Capital Asset Pricing Model (CAPM). Calculate the beta of a portfolio in this model.
9. What is Dynamic Financial Analysis What do you mean by efficient frontiers in DFA?
10.(a) What are the desirable characteristics of interest rate models?
Give the detailed analysis of Cox-Ingersoll-Ross model.
11. Explain the relevance of Negative Binomial Model in Stochastic Claim Reserving Principle. Also give the Normal approximation to Negative Binomial Model.
12. Write short notes on the following:
Gompertz law on mortality.
Integral representation of tPx.
Explain the terms Survival function, Distribution function, Hazard function.
Show that for the exponential density function, the hazard rate is a constant.
2. Explain the terms -Term insurance and Pure endowment insurance. Calculate their expected net present values.
3. Define lognormal distribution. Find its mean and variance.
4. What are the main functions of reinsurance Explain the meaning of proportional and non-proportional reinsurance.
Answer any five questions from this section.
5. State and prove Chebyshev's inequality.
6. Explain compound Poisson distribution. Calculate its expected value.
7. What is Black-Scholes model What are the assumptions made in it Write down the Black-Scholes differential equation.
8. Explain Capital Asset Pricing Model (CAPM). Calculate the beta of a portfolio in this model.
9. What is Dynamic Financial Analysis What do you mean by efficient frontiers in DFA?
10.(a) What are the desirable characteristics of interest rate models?
Give the detailed analysis of Cox-Ingersoll-Ross model.
11. Explain the relevance of Negative Binomial Model in Stochastic Claim Reserving Principle. Also give the Normal approximation to Negative Binomial Model.
12. Write short notes on the following:
Gompertz law on mortality.
Integral representation of tPx.
Other Question Papers
Departments
- Centre for Corporate Education, Training & Consultancy (CCETC)
- Centre for Corporate Education, Training & Consultancy (CCETC)
- National Centre for Disability Studies (NCDS)
- School of Agriculture (SOA)
- School of Computer and Information Sciences (SOCIS)
- School of Continuing Education (SOCE)
- School of Education (SOE)
- School of Engineering & Technology (SOET)
- School of Extension and Development Studies (SOEDS)
- School of Foreign Languages (SOFL)
- School of Gender Development Studies(SOGDS)
- School of Health Science (SOHS)
- School of Humanities (SOH)
- School of Interdisciplinary and Trans-Disciplinary Studies (SOITDS)
- School of Journalism and New Media Studies (SOJNMS)
- School of Law (SOL)
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- School of Performing Arts and Visual Arts (SOPVA)
- School of Performing Arts and Visual Arts(SOPVA)
- School of Sciences (SOS)
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- School of Social Work (SOSW)
- School of Tourism & Hospitality Service Sectoral SOMS (SOTHSM)
- School of Tourism &Hospitality Service Sectoral SOMS (SOTHSSM)
- School of Translation Studies and Training (SOTST)
- School of Vocational Education and Training (SOVET)
- Staff Training & Research in Distance Education (STRIDE)
Subjects
- Actuarial Economics: Theory and Practice
- Econometrics Methods
- Economics of Growth and Development
- Economics of Social Sector and Environment
- Financial Institutions and Markets
- Indian Economic Policy
- International Trade and Finance
- Macroeconomic Analysis
- Microeconomic Analysis
- Public Economics
- Quantitative Methods
- Research Methods In Economics