Is there a group with only one infinite subgroup?
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Really I do not remember any example. But it may be trivial! btw, clearly it's torsion if any and it's not product of infintely many finite groups. – user69453 Jul 10 '14 at 14:40
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Yes.
If you want a group with no proper infinite subgroups then take a Tarski monster group.
If you want a group with precisely one infinite proper subgroup then take a Tarski monster group $T$ and consider the direct product with a cyclic group of prime order, for example, $G=T\times C_2$.
A Tarski monster group is a finitely generated, infinite simple group where every proper, non-trivial subgroup is cyclic of order a fixed prime $p$. Hence, when you form $T\times C_2$ the only infinite subgroup you obtain is the copy of $T$. The proof that Tarski monster groups exist is highly non-trivial.