In education the three terms: Measurement, Assessment and Evaluation are very confusing and perplexing. Many people often use them interchangeably. As, there seems no significant difference among them, but in fact they are very different from each other, in terms of their uses and functions. Though they are quite different from each other, yet there exists a close relationship among them, and they interact and cooperate with each other. For example, if we want to compare one educational process or activity with other on the basis of certain predetermined learning objectives or goals. We would have to try them out on the same subjects/students one by one and assess the subjects/students after each activity or educational program for the desired objectives or skills. But we can't proceed without having some standardized tools of measurement, which will help us in measuring the desired skills or objectives. These tools may be of different types and shapes like objective tests, subjective tests and practical tests. We administer these tests to the students and collect relevant data about their academic achievements and skills through these tools. Then we tabulate, analyse and interpret it for evaluation purposes.