IAI Actuarial Core Principles · Business Management · Activities of the Institute of Actuaries of India
Meera is preparing for CM1 in the November 2025 session under the pass mark rule then announced. She scored 28% in Paper A and 60% in Paper B. Which statement about her result is correct under that rule?
Meera fails. The November 2025 rule required at least 30% in each of Paper A and Paper B plus 50% in aggregate, weighted 70:30. Her Paper A score of 28% is below the minimum, and her weighted aggregate of 37.6% is also below 50%.
- AShe passes because her simple average of the two papers exceeds 40%
- BShe passes because Paper B is above 50%
- CShe fails because she did not obtain at least 30% in Paper ACorrect
- DShe fails because both papers need at least 50% individually
- She passes because only the aggregate of 50% matters
Explanation
For CS1, CS2, CM1 and CM2 the rule needed at least 30% in each of Paper A and Paper B and 50% in aggregate, weighted 70:30. Meera's 28% in Paper A is below the 30% floor, so she fails even though the weighted aggregate (0.7*28+0.3*60=37.6%) is also below 50%.
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