Objective: To analyze the level of utility of OSCE and OSPE as evaluation tools in the assessment of first year MBBS students and to ascertain the acceptance level of OSCE and OSPE in MBBS students. Methodology: Present study is a descriptive cross sectional study. This study was done using formulated survey questionnaire. Hundred students comprise the subjects of the study. The students underwent a one-time survey and in-depth interview conducted at the end of first year. Detailed data was collected using the observational and oral test methods. All the participants were asked to fill up the answers in the questionnaire and thereafter, answers were assayed. Interview was conducted among randomly selected students and faculties of the department. Results: The results indicated that more than 90 % of the students were in favour of OSCE/OSPE to be accepted as evaluation tool and also complimented that OSCE/OSPE will enhance their level of understanding of cognitive, psychomotor and communication skills. Conclusion: OSCE/OSPE is better accepted by students as a mode of assessment and helps in better understanding of practical skills.