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What's the difference between a test and examination?
A test and an exam both tests the knowledge of a student. So, in most cases tests and exams are synonyms. Both test the knowledge of the students with a series of questions and will grade the questions to get a result.
They differ in one aspect: an exam is more formal then a test.
What is online examination?
Online examination is conducting a test online to measure the knowledge of the participants on a given topic. In the olden days, everybody had to gather in a classroom at the same time to take an exam. With online examination students can do the exam online, in their own time, with their own device, regardless of where they live. You only need a browser and an internet connection.
Advantages and disadvantages of online examination system
To quote Johan Cruijff, one of the greatest football players ever: "elk voordeel heb zijn nadeel", Dutch for "Every advantage has a disadvantage". This also is true for an online examination system.