WOTC - Is PSLE a good feature of our education system?

I asked this question in the Wisdom of the Crowd:

Is the PSLE exam a good feature of our education system?

Here are the responses: (27 Votes)

44 % - It adds stress to the students and encourages a competitive and selfish behavior.
22 % - It gives children from wealthy families a big advantage as they can afford private tuition.
19 % - It encourages students to study hard and get good results.
15 % - It is a fair way to send students to good secondary schools.

See the pie chart at: 
http://www.wisdomofthecrowd.sg/chart.aspx?ID=921