I'm self taught and I'm in two minds about this. In one way, these are fundamental questions and, yeah, we should at least know why they're important. However, I can't help feel the binary nature of the questions is a bit like asking a Computer Scientist "Which flag do you set on an Android Intent to make sure an activity only exists at the top of a history stack?" straight off the bat... It favors those who have prepared specifically for the question.
In any case, I guess I have a bit of reading to do..
In any case, I guess I have a bit of reading to do..