What is Exception? difference between Exception and Error? and types of Exceptions?

•   Exceptions are the objects representing the logical errors that occur at run time and makes JVM enters into the state of  "ambiguity".
• The objects which are automatically created by the JVM for representing these run time errors are known as Exceptions.
• An Error is a subclass of Throwable that indicates serious problems that a reasonable application should not try to catch. Most such errors are abnormal conditions.
•  few of the subclasses of Error.
• AnnotationFormatError - Thrown when the annotation parser attempts to read an annotation from a class file and determines that the annotation is malformed.
• AssertionError - Thrown to indicate that an assertion has failed.
• LinkageError - Subclasses of LinkageError indicate that a class has some dependency on another class; however, the latter class has incompatibly changed after the compilation of the former class.
• VirtualMachineError - Thrown to indicate that the Java Virtual Machine is broken or has run out of resources necessary for it to continue operating.
•  There are really three important subcategories of Throwable:
• Error - Something severe enough has gone wrong the most applications should crash rather than try to handle the problem,
• Unchecked Exception (aka RuntimeException) - Very often a programming error such as a NullPointerException or an illegal argument. Applications can sometimes handle or recover from this Throwable category -- or at least catch it at the Thread's run() method, log the complaint, and continue running.
• Checked Exception (aka Everything else) - Applications are expected to be able to catch and meaningfully do something with the rest, such as FileNotFoundException and TimeoutException.