We report an optical-based (microscopy) imaging technology – Simultaneous Multiple-level Magnification Selective Plane Illumination Microscopy (sMx-SPIM) Imaging System – that addresses a longstanding (technological) challenge of obtaining images, specifically of the biological specimen non-destructively, at different fields of view (FOV) and spatial resolutions (or magnification powers) simultaneously in real-time. Thus, this imaging system provides not only 3D images but also time-resolved sequential images with temporal resolution msecs. Magnification powers (or FOVs) of the individual images can be controlled independently that can be achieved by housing two separate detection arms, in SPIM imaging system, fitted with objective lenses of different magnification powers. These unique features hold promises to observe and study of: (i) sub-microscopic details and entire structure of biological specimen side-by-side simultaneously and (ii) spatio-temporal dynamics of functional activities of biological specimen. For validation study of robustness of the proposed sMx-SPIM imaging system, experiments are conducted in various biological samples (zebrafish embryo, Drosophila melanogaster, and Allium cepa root). Experimental results demonstrate that the study is of significant impacts from two aspects (technological and biological applications).