emulating permission access for apps While installing apps in Android, it asks for lots of permission to run.

Sometimes I just want to check out how a app is and not interested in sharing any info with the app.

Is it possible to install a app in a "jail" kind of environment and just emulate whatever permission it ask for and not actually sharing it ?? 

I hope the question is clear..it may not be exactly what I am asking for ..but if there is any way to accomplish this, let me know.

Thanks!

PS:

Not related with any specific version..although I have JellyBean.
You should try out XPrivacy or Protect My Privacy. Both of them require the Xposed framework

Jellybean comes with an in-built hidden permission controller called App Ops which is accessible by using AppOps (open source)