Events & Promotions
|
|
GMAT Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.
Customized
for You
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
May 0808:00 AM PDT
-08:30 AM PDT
Join the special YouTube live-stream for selecting the winners of GMAT Club MBA Scholarships sponsored by Juno live. Watch who gets these coveted MBA scholarships offered by GMAT Club and Juno.
07 May 2026, 19:00
Kudos
Bookmarks
N
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
(N/A)
Question Stats:
0% (00:00) correct
0%
(00:00)
wrong
based on 7
sessions
History
Date
Time
Result
Not Attempted Yet
Even though offering payday loans through public sector banks could be a strong source of revenue for the government, doing so should not be allowed. Offering such loans in public sector banks would not serve the best interests of the public. When the public starts taking on more payday loans, its overall financial health suffers.
The argument depends on which of the following?
A) The public will be financially healthier if it avoids payday loans entirely than if it only takes out such loans infrequently.
B) The public does not currently take on an amount of payday loans that is detrimental to its overall financial health.
C) If payday loans were offered by public sector banks, the public would take on more such loans.
D) The public generally prefers loan services from public sector banks to those from private sector banks.
E) The government should primarily be concerned with safeguarding the financial health of the public.
The OA will be automatically revealed on Friday 8th of May 2026 07:00:30 PM Pacific Time Zone
The argument depends on which of the following?
A) The public will be financially healthier if it avoids payday loans entirely than if it only takes out such loans infrequently.
B) The public does not currently take on an amount of payday loans that is detrimental to its overall financial health.
C) If payday loans were offered by public sector banks, the public would take on more such loans.
D) The public generally prefers loan services from public sector banks to those from private sector banks.
E) The government should primarily be concerned with safeguarding the financial health of the public.
The OA will be automatically revealed on Friday 8th of May 2026 07:00:30 PM Pacific Time Zone
07 May 2026, 19:52
Kudos
Bookmarks
Conclusion Public sector banks should not be allowed to offer payday loans
Reason When the public starts taking on more payday loans, its overall financial health suffers.
Missing link overall financial health of public and action of public sector banks. Author assumes people will start taking the loans offered by PSB and this practice is going to send them in debt(bad financial condition) thats why Author is recommending not to allow PSB to offer payday loans. Any option that showcase this understanding is our assumption.
A. Incorrect comparison
B. Current state doesn't matter
C. Keep perfectly catches
D. Preference of public is not relevant we are concerned about action
E. Priority how is that helpful irrelevant
So C imo
Reason When the public starts taking on more payday loans, its overall financial health suffers.
Missing link overall financial health of public and action of public sector banks. Author assumes people will start taking the loans offered by PSB and this practice is going to send them in debt(bad financial condition) thats why Author is recommending not to allow PSB to offer payday loans. Any option that showcase this understanding is our assumption.
A. Incorrect comparison
B. Current state doesn't matter
C. Keep perfectly catches
D. Preference of public is not relevant we are concerned about action
E. Priority how is that helpful irrelevant
So C imo
ExpertsGlobal5
Moderators:
