Freeform plugin conditional rules not working

I have 3 select fields in my form – Select A, Select B and Select C. I want Select B & C to be hidden by default. If Select A option is not X, then show Select B. If option Y is not selected in Select B field then show Select C.

This is what the conditional rule on the form looks like.

Note that Type of Loan is Select A, while What to know about this loan is Select B.

Am I doing anything wrong here? Cos this rule isn’t working. I am using version 3.8.4