Examsnet
Unconfined exams practice
Home
Exams
Banking Entrance Exams
CUET Exam Papers
Defence Exams
Engineering Exams
Finance Entrance Exams
GATE Exam Practice
Insurance Exams
International Exams
JEE Exams
LAW Entrance Exams
MBA Entrance Exams
MCA Entrance Exams
Medical Entrance Exams
Other Entrance Exams
Police Exams
Public Service Commission (PSC)
RRB Entrance Exams
SSC Exams
State Govt Exams
Subjectwise Practice
Teacher Exams
SET Exams(State Eligibility Test)
UPSC Entrance Exams
Aptitude
Algebra and Higher Mathematics
Arithmetic
Commercial Mathematics
Data Based Mathematics
Geometry and Mensuration
Number System and Numeracy
Problem Solving
Board Exams
Andhra
Bihar
CBSE
Gujarat
Haryana
ICSE
Jammu and Kashmir
Karnataka
Kerala
Madhya Pradesh
Maharashtra
Odisha
Tamil Nadu
Telangana
Uttar Pradesh
English
Competitive English
CBSE
CBSE Question Papers
NCERT Books
NCERT Exemplar Books
NCERT Study Notes
CBSE Study Concepts
CBSE Class 10 Solutions
CBSE Class 12 Solutions
NCERT Text Book Class 11 Solutions
NCERT Text Book Class 12 Solutions
ICSE Class 10 Papers
Certifications
Technical
Cloud Tech Certifications
Security Tech Certifications
Management
IT Infrastructure
More
About
Contact Us
Our Apps
Privacy
Test Index
GMAT Verbal Reasoning Practice Test 5
Show Para
Hide Para
Share question:
© examsnet.com
Question : 44
Total: 100
Which of the following, if true, is the most logical completion of the argument below? The tax system of the Republic of Grootland encourages borrowing by granting its taxpayers tax relief for interest paid on loans. The system also discourages saving by taxing any interest earned on savings. Nevertheless, it is clear that
Grootland’s tax system does not consistently favor borrowing over saving, for if it did, there would be no ______
tax relief in Grootland for those portions of a taxpayer’s income, if any, that are set aside to increase that taxpayer’s total savings
tax relief in Grootland for the processing fees that taxpayers pay to lending institutions when obtaining certain kinds of loans
tax relief in Grootland for interest that taxpayers are charged on the unpaid balance in credit card accounts
taxes due in Grootland on the cash value of gifts received by taxpayers from banks trying to encourage people to open savings accounts
taxes due in Grootland on the amount that a taxpayer has invested in interest-bearing savings
accounts
Validate
Solution:
© examsnet.com
Go to Question:
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
Prev Question
Next Question