Hi Alekhya,

This is a very common term used for eligibility criteria citations. Let me solve your doubts with an example. If the eligibility for admission to a course or entrance exam is to clear "12th or any equivalent exam from any recognized board in India", it means that to be eligible, a candidate must have passed the regular 12th standard or done any other two-year course after 10th standard, like a two-year diploma. Also, this diploma or 12th standard should be done through an education board which is registered with the government of India, like CBSE, ISCE, etc.

If you still have doubts, you can express them in the comments section.