To study Google Analytics, you are recommended to create Google Analytics account, verify your website and start using the interface.
What if you do not have website? How would you study then?
The answer is quite easy. Create your blog on blogspot.com and use that, where website is required.
How to prepare for Analytics IQ Exam?
Most of the questions are based on functionality and few questions are strategic.
How much time required to practice and study?
You need just an hour to go through all the questions and answers. Explanations are also given with answers on this website (Explanations are not available in PDF file). You can start taking the exam while exploring answers on the website.