Try-catch statements are used for exception handling in Java. The try block contains code that might throw an exception, while catch blocks handle those exceptions by specifying what actions should be taken when specific exceptions occur.
Exception handling is the process of dealing with errors or exceptional situations that occur during program execution.
Throw Statement: A throw statement is used to explicitly throw an exception in Java.
Finally Block: A finally block is used in conjunction with try-catch statements and contains code that will always be executed regardless of whether an exception occurred or not.