English Entrance Exam

You can take online lectures and books for preparation. Like History of English Literature by David Daiches. You should Practise MCQs available in any book for NET preparation. Study literary criticism (Persons like Michel Foucault; theories like Structuralism, Post Structuralism, Post-Modernism, Neo-Colonialism etc. )
Language Studies (Philology, ELT etc. ).

If you are specifically targeting European universities and educational institutions, IELTS is more widely accepted there. Conducted jointly by the University of Cambridge ESOL Examinations, British Council and IDP Education Australia, IELTS is considered slightly more difficult than TOEFL.

Yes, Even if your advanced or fluent in English you still need to familiarize yourself with the format for an English proficiency exam.

The questions will mostly be from B.A. English syllabus of Loyola. Some questions that are general knowledge to literature students might also be asked. The syllabus of undergraduate English course from Loyola will be available in their official website.