Educational research and practice globally is struggling to arrive at the right definition of a Fair Assessment Policy that would apply at the school level. Is it only a question of marks and grades that determine whether the boy or girl is successful? If that is really the case, how it is that inconsistency in performance is often observed, like a child scoring 90% in an examination and 40% the next. On the other hand, it is often seen that bookworms who have practiced no other skill are systematically scoring very high grades. Such a child may not understand the practical aspects of life and be unfit for work in the real world. Purpose of education According to the social classes, education and training mean different things. According to one definition, education is a preparation for life, but another believes that education is life itself. As the world is getting more materialistic, it is realized that ROI applies to education like everything else. If lifeactivities can be trea