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If you do a degree in a different subject or different university it will be like a double degree only.
If there is improvement in the marks by way of writing of papers in the next time, this degree will be valid and old one is automatically rejected. The university will issue you a certificate indicating that it is your second time to reappear for the improvement purposes.
Your previous degree will get cancelled but there is a catch in this situation, if your scorings are less in the second time, you cannot claim the marks of earlier examination. You have to be satisfied with the present performance. You need to keep this point into consideration.
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