The authors of the New Testament have often quoted passages from the Old Testament, claiming such statements to be prophecies fulfilled in the person of Jesus Christ. The number of such quoted passages is actually very high. Among the evangelists, Matthew is the one having made this phenomenon characteristic to his Gospel. The prophecy carries a very important place in the Christian theology. Every Christian knows about the prophecies of the books of Psalms, Isaiah, and Daniel related to the childhood, life, mission, and death of Jesus. To every Christian, these prophecies are the clear evidence of the truth of Gospels and mission of Jesus in general. The problem is that according to the Bible, there exists true prophecies as well as false ones. Hence the question arises on the necessary criteria to distinguish a false prophecy from a true one.