Explanation : There are four main characteristics of a good
test:
1. Validity
2. Reliability
3. Objectivity
4. Usability
Reliability refers to the consistency of a
measure over time (test-retest reliability),
across items (internal consistency), and across
different researchers (inter-rater reliability).
Validity is the extent to which the test fulfills
its purpose, or the scores from a measure
represent the variable they are intended to
represent.
A test can be reliable without being valid; e.g.,
a weighing scale will give consistent scores,
other conditions being same. However, in
case the instrument is malfunctioning, the
test will still be reliable if consistent scores
are obtained but will not be valid as it may
show incorrect weight.
However, if a test is valid, it is definitely
reliable; e.g., a class test that is valid or
measures what it is intended to measure,
will also be reliable as it will give consistent
scores, provided other conditions remain
unaltered.
By objectivity is meant the degree to which
equally competent evaluators obtain the same
results. A test is objective when it eliminates
the evaluator's bias or prejudice.
By usability is meant the practical value of
test with respect to time, cost-effectiveness
and administration.