If test must be given I think it should be prepared by teachers and be essay type.
Oh we had those too. First Terminal exam, Second Terminal exam, Final exam - three times a year like clockwork, except in our tenth, when instead of the 'final', we had a preliminary (Prelims) and then the Board (ICSE, as referred to earlier), so had the treat of four sets of exams in that year.
After all this, I did (for a laugh) the American tests (my mother fondly hoped I might get off my arse for long enough to actually do uni in the States) - SAT, ACTs, GREs etc. I have to admit that I was an arrogant little merde of a teenager, but by the end of it all, I was so contemptuous of the standards of the American 'tests' that I didn't bother preparing for them in any way (unless you count getting drunk the night before as preparation).
Yes, I think you miss out a lot with standardised, multiple choice tests. But you would, presumably, miss out a lot with a non-standardised system where teachers have all the power - one bad apple, or one bad interaction witgh a vindictive teacher and that's your career down the tubes. The choices aren't perfect, no matter which direction you head in, IMO.
cheer
the sunshine warrior