How to render the fields based on custom picklist values?

You can use our conditional rendering feature on the custom fields,  or the field editor section where they are contained. 

Read this tutorial:  http://help.skuidify.com/m/supercharge-your-ui/l/173514-conditional-rendering-display-of-page-compon…

Thanks for the reply, basically we are preparing the dynamic pick-list where pick-list label is the object name and value will be object ‘id’. So, in this case how can I compare with the object ‘id’.

I think you are going to need to go with a custom solution here. 

Create two models,  one that retrieves object ID’s that match the “test” scenario.   Another that retrieves object ID’s that match the “Skuid” scenario. 

Then your javascript will look at the field that looks up to the object.  If that ID is found in the rows of model 1, it should show the fields in the “test” scenario.  If that ID is found in the rows of model 2, it should show the fields in “Skuid” scenario.  You can call conditional rendering from javascript.