Many students participate in such cases. As a result, your both application is valid but you have to take admission based on one application only i.e., either you can take admission to the course through your Merit based list or the course as allotted by the Entrances.

To know more about Delhi University visit the link below:

https://www.careers360.com/university/university-of-delhi-delhi

I hope this answer helps. All the very best for your future endeavors!