Ananth,
A typical sound-card (don't know about your model) is not designed with T&M applications in mind, but for adding audio functionality to a PC.
This is a consumer/game market where specifications can often not be taken for granted.
A DAQ card is intended for T&M applications and is designed for that application (in this case 16 bit resolution measurements).
However, theory is not always as it is in real life.
Test both cards yourself and possibly help the LV community by publishing your findings.
Oh, yes, I think the DAQcard is better aspecially for DC measurements.
Greetings,
Patrick de Boevere
Serenity systems design