Hello Meer Faisal.
The cut off for B.A Hons. Entrance is a little higher than 34 marks. But there is a chance that you might be able to secure a position in the waiting list. Keep checking the website for the first list of candidates who have secured the position in the course as well as the waiting lists. At times, the students choose other colleges and the waiting lists also get cleared. If you have applied through any quota such as Child of Alumni or NCC, keep checking those lists as well. The University issues a separate list for the quota candidates.
Regarding the hostel facility, the same rule applies here as I have mentioned above. The candidates who have secured admissions in the first confirmed list are more likely to get the hostel facility as compared to the ones who have got the admission from the waiting list. But the university has many hostels for boys, so there is a chance that you might get one.
In case you don't get the hostel facility, you can stay in the private hostels. There are many hostels and paying guests facilities. All of these are situated at a walking distance from the university.
All the best.
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