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MackyCee
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AdamKnewton
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"Taking" an exam is more commonly used as per American Standard English. "Giving" an exam is a spin off from British English. As Adam rightly pointed out, its used in countries that use British English or a derivative of it. As far as the GMAT is concerned, it'll be "taking an exam" - though I doubt they'll test you on that usage.
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hahaha

oh man whip, if they did....you see that "V21" in my little profile there...will probably dip into the negatives lol.
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MackyCee
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whiplash2411
"Taking" an exam is more commonly used as per American Standard English. "Giving" an exam is a spin off from British English. As Adam rightly pointed out, its used in countries that use British English or a derivative of it. As far as the GMAT is concerned, it'll be "taking an exam" - though I doubt they'll test you on that usage.

Not all British English speakign countries - I've been in Australia for 20 years, and have never heard it said before. I've never heard a British person say "give an exam" either...but then again - I've never lived in England

I think it's more Subcontintental British English
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Oh I've heard it plenty of times in London, India, Singapore and the like. But its definitely not all countries.
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I agree that it's primarily subcontinent English, but then again, that probably comes from the fact that the population of the subcontinent is way larger than that of any other English-speaking area. I do know that it's also prevalent in African Anglophone countries.
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Actually as a Brit I have never, ever heard anyone use the phrase "giving" an exam.

To be honest even if they were the person setting the questions you'd add in the recipient e.g. "I gave them/him/her an exam".