From my view, the exam tries to mimic a simplified condition. It provides all necessary information and want to know how do you handle it.
Ratemaking&Reserve estimate. Former gives past related data and you need to price it based on the given data. You need to make too many adjustments before calculating the rate. The most important thing is that you must give a reason about why you make these adjustments. The reserve part also require you justify you chosen reserve estimate.