The study was conducted on a purposive sample of 330 students comprised of 165 boys and 165 girls, from VIII, IX and X standards of two residential schools. Their age ranged between 14-16 years. Marks obtained in the previous final examination were considered for assessing scholastic achievement and Cattel' s (1963) Anxiety Scale Questionnaire was used to measure anxiety. The results revealed that the respondents were high in their anxiety level and also in their scholastic achievement. Boys were significantly having higher anxiety level while girls were higher in scholastic achievement. The results also revealed that majority of the respondents had developed lack of self sentiment, ego-weakness, suspiciousness, guilt proneness and frustration tension to the extent of higher level. There was a significant negative relationship was observed between lack of self sentiment development, guilt proneness and overall anxiety with the scholastic achievement of the respondents.