Quickly read exam. It's most inadequate! (8)
I believe the answer is:
scantest
'most inadequate' is the definition.
Both the definition and answer are superlative adjectives. Maybe you can see an association between them that I don't see?
'quickly read exam' is the wordplay.
'quickly read' becomes 'scan' (to scan something is to read it quickly).
'exam' becomes 'test' (synonyms).
'scan'+'test'='SCANTEST'
'it's' is the link.
Can you help me to learn more?
(Another definition for scantest that I've seen is " Most deficient".)