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INTRODUCTION What makes a person successful? Is it a person‟s wit, wisdom, valour, tenacity or perseverance? Folklore and history are filled with anecdotes that suggest the power of wit and wisdom over other resources of power. Innumerable children‟s stories talk about how an underprivileged but smart protagonist defeated a strong, powerful and seemingly invincible opponent. Such types of stories and common-sense knowledge brews hope in the hearts of the masses that, we can be better than who we are, we can save ourselves, no matter what cards are dealt to us we can still win, still survive, and that too happily. Throughout history intelligent folks have rapidly and dramatically upscaled social and political ladder. Intelligence has always been rewarded handsomely as long as the intelligent one doesn‟t outshine the master (Greene, 1998). The field of psychology is a subject area that systematically studies well defines problems, uses rational scientific methods of investigation and tries to be unaffected by popular beliefs and social forces unamenable by scientific approach (Beit-Hallahmi, 1994). As psychology took on more and more constructs related to the faculties of the human mind, it was only a matter of time, that it was to deal with the question if intelligence could be quantified? In early 1900‟s the French government approached Alfred Binet to help the identify students who were more likely to experience difficulty in studies and would benefit from special assistance. Thus, alongwith Theodore Simon a colleague of Binet, he developed the first test of intelligence, which is referred today as the Binet-Simon Scale. In 1912 Lewis Terman published his first revised version of the Binet test. Later intelligence tests for adults were widely used by militaries in the World War (Beit-Hallahmi, 1994). Since then IQ tests have been widely used, but despite their populous appeal they have not been able to ascertain the answer to the original question, we here began