To be honest, there is no such exam for Candidates to study abroad. There are scholarships that are offered to help students to fund their studies. These are Need based and merit based scholarships. The need based scholarships are financial aid scholarships that are offered on case to case basis with financial statements as a proof. Now merit based scholarships are offered to those students who have an impeccable academic record. Again, these on;y fund a part or complete tuition fees. But the application fees, language proficiency tests, Visa charges, accommodation and everything has to be borne by the student.