Hello Sudheemh, thanks a lot for posting your question at Intel communities.
Regarding your question, the performance of the system is going to depend on the software environment.
To the operating system it will be almost the same, but there is software that works much better when there are 2 processors.
For example a virtual machine, if you are going to create many VM on a system, the performance will be better on a multi CPU system.
In the other hand, if you are going to use a desktop board and run applications or use it for gaming, is better to use a single CPU with more cores.