The paper aims to present a theoretical model of projective-inventory (P-I) method of personality assessment and provide empirical findings in the area. This method integrates the positive psychometric aspects of both projective and self-report inventories to achieve scoring objectivity and greater reliability and validity of trait scales (Puhan, 1982). Accordingly, real-life episodes are presented to the subjects as structured projective stimulus situations with three or four interacting characters who may be placed at differentpoints on the trait continuum . Each episode is followed by a number of statements relating to the activities of the characters which are "Agreed" or "Disagreed" by the subjects to ensure objectivity in scoring. The P-I method is satisfactorily evaluated against the requirements of convergent and discriminant validity and has been used to develop a nu mber of personality scales. The paper also presents data of several empirical studies indicating minimal influence of social desirability on projective-inventory scores. The P-I method is described as a trait-in-state approach to personality assessment as it samples situations from a wide range of possibilities and accommodates the trait-state controversies in the area. Besides, it is argued that the utilisation of real-life episodes in the P-I method brings the context back to the testing situation through its narratives to which Indians are quite accustomed. Considering its origin from an Indian anecdote and su itabilityfor India npop ulatio n where social desirabilityposes fargreater challenges for inventory scores, the P-I is described as an indigenous method of personality assessment. Thepaper also calls for the development of scales to measure different contemporary Indian traits utilising the P-I method.As a child I, along with my friends, used to hear stories from my grandmother about a brave young prince who fought fearlessly with the neighbouring Emperor who had earlier annexed several Emperor was forced to enter into a truce and give his beautiful daughter's hand in marriage to the young prince to save himself from a total disaster. Sometimes for a change, my grandmother used to tell us real-life stories which required us to listen carefully and give our opinion and views about the characters in the story. One such story which described an interesting real-life episode related to a joint family consisting of two brothers and their young wives. They lived across a river and worked very hard for their livelihood. Once the wife of the younger brother visited her parent's home which was on the other side of the river. During her absence, the younger brother fell seriously ill and wanted his wife to be brought back to be ~by his side. Realising this, the elder brother crossed the river and fetched his younger brother's wife. By the time both of them arrived at the bank of the river, it was already evening. The young wife was anxious to meet her husband at the earliest.However, the boatman was in no mood to ferry the boat at night. Afte...