Guru Gobind Singh Indraprastha Vishwavidyalaya 2011 B.B.A Financial Mathematics - exam paper
(Please write your Exam Roll No.) Exam Roll No. .
__________ ______________ First Semester [BBA(B&l)| December-201 (_ _____________
[Paper Code: BBA(B&I)105______ ___
Subject: Financial Mathematics
Time: 3 Hours ___ ____
Maximum Marks :75
Note: Section-A compulsory. Attempt four questions selecting at least one from each Section. Log
table and calculator will be provided on demand.
-SECTION \
Attempt any five of the following:-
/"hat are the various classes of Life Insurance Risk?
)cfine crude and Graduated Mortality Rates,
Define Force of Mortality (Ux).
Define Net Single Premium and Net Level Premium.
What is Effective Rate?
What is Sinking Funds?
SECTION-B
What annual rate of interest compounded quarterly should one obtain if he wants to double his investment in five years? ((15)
the nominal rate 7% converted (or
Find the effective
compounded) continuously.
A man retires at the age of 60 years and his employer gives him pension of Rs.1200/- for the rest of his life. Reconing his expectation of life to be 13 years and that interest is at 4% per annum, what single sum is equivalent to this person? (15)
OR
Find the amortized monthly payment necessary to pay-off a house building loan of Rs. 1,50,000 at 12% per annum in 10 years. Further find the amount of loan paid after the payment of 60 installments. ft p (15)
......*
SECTION-C
t y j
SECTION-D
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What arc the various classes of Life Insurance Risk? OR What are the different types of Mortality tables? From the table given below, evaluate 3P<vu)+i and l/2q(20). (15) | |||||||||||||||||||||||||
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SECTION-E |
From the following mortality table calculate NSP and NLP ie. Net Single and level Premium in Tern;Jgsurance for fivejrears. Assuming 3%- rate of interest and Rs. 1000/ - policy amount in each policy. (15)
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Age x |
4 |
q* |
|
40 |
96,463 |
0.00283 |
|
41 |
96,190 |
0.00314 |
|
42 |
95,880 |
0.00350 |
|
43 |
95,552 |
0.00392 |
|
44 |
95,177 |
0.00439 |
J*
(3x5=15)
OR
rate equivalent to
(15)
J*
*:X
(15)
What are the various method of Loading?
A
(15)
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Attachment: |
| Earning: Approval pending. |
