Evaluation Roles and Means are very broad. It concerns with n number of attributes. This paper discussed the relationship between evaluation & research, philosophy of evaluation, physiology of evaluation, Evaluation in applied psychology. In the above context, how the basic logic of evaluation is set with evaluation fields and the phases of evaluation process.

Straight forward meaning of On-Line Evaluation is that, few questions are extracted from the question bank and user is asked to "mark" the response. Normally, questions are assumed to be of "objective type". In this paper, this traditional idea is extended and abstract concept of "Item Bank" is introduced. The researchers have developed and tested Item Bank software earlier. The guidelines discussed in the paper are the outcome of this real life experience. The scope of the Item bank would not be confined only the Evaluation of competency of respondents but it covers assessment of the person for fresh recruitments/ Assignments or for the Reward or to Accredit the achievement of the employee performance with the use of client server architecture.