The document discusses key characteristics of valid and reliable tests. It describes several types of validity, including content validity, construct validity, criterion-related validity, concurrent validity and predictive validity. It also discusses reliability measures such as equivalency reliability, stability reliability, internal consistency, inter-rater reliability and intra-rater reliability. Validity and reliability are closely related, as a test cannot be considered valid unless its measurements are reliable. Other characteristics discussed include practicality, the backwash effect, levels of backwash effect, and item analysis.