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Hi Sid,
As correctly said by Mr. Arora, don't be depressed as there is lot to do in life. Pursuing B.Com/ bachelors without clearing 12th is out of question, so it indeed is compulsory to clear your 12th first and post which you can decide you bachelors.
Advising you for diploma would be a secondary thing as after pursuing diploma will not make you eligible for Masters / PG Diploma / Govt Exams, as all of these require a Graduate degree.
In nutshell, all i would suggest is to keep your calm and gather your confidence to re-appear for the 12th and after clearing it go for your bachelors.
Kindly revert for any further queries, also if you liked this answer then rate it 'Best answer' or give a 'Thumbs Up' rating.
All the Best!

Hi Hari,
The Eligibility to become IAS officer is a graduation degree through a recognized University. As IAS is a tough nut to crack it would be advisable that you join some coaching Institute as the faculty their can give you proper guidance and direction as to how and what all you should prepare. However, if you are planning for self study then I would suggest you to first clear fundamentals of the subjects you are going to opt for apart from that as the pattern of Prelim has changed you have to focus on your decision making skills, logical and analytical abilities and the knowledge in the services in which you want to pursue your career instead of subject Knowledge only. So keeping these factors in mind prepare for your IAS. There are several books available in the market for IAS examination which you can consult.
Hope this resolves your query. Feel free to put up more queries. In case your query is resolved please close this question by choosing it as a best answer or pressing the thumbs up icon or both.
Thanks,
Pooja