Hi Kumar1,
The best and fastest way to get your hardware and program working is to check into the shipping examples that came with LabVIEW FPGA, which has a lot of already made and verified VI's and projects you can use off the shelf.
Open LabVIEW>>Find Example>>Search "9205">>Double click: "NI 9205 Basic IO.lvproj"
This example is written specifically for the 9205.
It will get you up and running in no time.
Study the code then modify it it afterwards.
Note: you should also save it seperately so you don't modify the good code
Van L
NI Applications Engineer