OICL Administrative Officer Actuaries Sample Papers Download for exam and get better scores in the exam. The exam is a competitive paper and so it is important to prepare upto the level of the paper. OICL AO Actuaries Model papers will help you to practice the questions which are from syllabus defined for exam. Model Question papers for OICL Specialist Officer are given below, practice these questions and check the answers from below given files.
Q1: That the Third Battalion’s fifty percent casually rate transformed its assault on Hill 306 from a brilliant stratagem into a debacle does not – eyewitness reports of its commander’s extra- ordinary – in deploying his forces.
- a) Invalidate – brutality
- b) Gainsay – cleverness
- c) Underscore – ineptitude
- d) Justify – rapidity
- e) Corroborate –determination
Q2: John borrows 10,000 for 10 years at an annual effective interest rate of 10%. He can repay this loan using the amortization method with payments of 1,627.45 at the end of each year. Instead, John repays the 10,000 using a sinking fund that pays an annual effective interest rate of 14%. The deposits to the sinking fund are equal to 1,627.45 minus the interest on the loan and are made at the end of each year for 10 years. Determine the balance in the sinking fund immediately after repayment of the loan.
- a) 2,130
- b) 2,180
- c) 2,230
- d) 2,300
- e) 2,370
Q3: The compound interest on a certain amount for 2 years at the rate of 8 p.c.p.a. is Rs.312. What will be the simple interest on the same amount and at the same rate and same time?
- a) Rs. 349.92
- b) Rs. 300
- c) Rs. 358.92
- d) Rs. 400
- e) None of these
Q4: Kathryn deposits 100 into an account at the beginning of each 4-year period for 40 years. The account credits interest at an annual effective interest rate of i. The accumulated amount in the account at the end of 40 years is X, which is 5 times the accumulated amount in the account at the end of 20 years. Calculate X.
Practice the sample questions for OICL Specialist and then you will gain confidence for the exam. The scores will improve automatically and the candidates can make up the career well.