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In the current era of standards-based education, student self-assessment stands alone in its promise of improved student motivation and engagement, and learning. Correctly implemented, student self assessment can promote intrinsic motivation, internally controlled effort, a mastery goal orientation, and more meaningful learning. In order to become lifelong learners, students need to learn the importance of self-evaluation. They can do this by filling out self-evaluation forms, journalizing, taking tests, writing revisions of work, asking questions, and through discussions. It is important for teachers to model self-assessment too. Teachers need to show their students that it is important for everybody to self-evaluate by doing their own self-evaluations. Self-assessment could mean that students simply check off answers on a multiple-choice test and grade themselves, but it involves much more than that. Such as in the subject commerce students can self evaluate with the projects and assignments given to them related with accounts, shares, markets and products etc. Through this students can evaluate about the understanding of the concepts related with commerce. But these techniques also need improvement so students can also evaluate themselves