Hi Vivek,
Per our phone conversation and ticket communication:
"The "Match audience rules to see experiences" setting was not enabled in the QA links:
Taken from https://marketing.adobe.com/resources/help/en_US/target/target/c_activity-qa.html:
Match Audience Rules to See Experiences: Sometimes you want to confirm that your audience matching works. Other times you just want to check the look and feel of the activity. If this setting is toggled to the "on" position, testers must meet targeting requirements to qualify to see the experiences. For Experience Targeting (XT) activities, a single activity URL is provided. The experience you see is determined by you qualifying for one of the targeting rules.
If this setting is toggled to the "off" position, clicking the links show you the experiences regardless of whether you qualify or not. When performing QA, you can switch back and forth between requiring or not requiring that audience targeting is respected
Using the QA link without this setting would lead to qualifying for the experience every single time the link is accessed.
Next, when using the QA link- we recommend using the QA bookmarklet https://marketing.adobe.com/resources/help/en_US/target/target/c_activity-qa-bookmark.html to release you from QA mode between subsequent tests.
Please test again with updated QA links and use the QA bookmarklet between tests and let me know if the audience qualification works as expected."