I have an agent in ruleset version xxx:01-04-46 which has four agent name with four scheduled activities to run. Now one developer created an agent rule in the same ruleset but in higher version 01-04-48 with one agent name and activity. With this, will the application stop running the agent in 01-04-46 and only run 01-04-48 agent activity?
As per my understanding you are changing Agent name and agent activity in agent rule. So when you save as agent activity from lower version to higher version and change Agent Name and Agent Activity. Obviously it will pick from higher version according to rule resolution.