Murali,
You need just one developer token, whether your application(s) access same account or different accounts (whether linked under the same MCC hierarchy or not). As a matter of fact, AdWords API Terms and Conditions explicitly prohibits you from getting more than one developer token.
If you use a developer token to make calls, you will be charged for API cost to the account holding the developer token. This is another reason why you should treat your developer token as a password and should reset it immediately if you expose it to the public by say, posting it publicly on a forum.
I also wish to point out that the official AdWords API forum is http://groups.google.com/group/adwords-api, you can ask your questions there and someone will answer your questions in a day or two.
Cheers,
Anash