After reading this post you will be able to answer the question like a pro. Eight out of ten interviewers will ask this question whether you are fresher or experienced.
Difference between SharePoint List and Library
There are mainly two difference between SharePoint List and Library,
1. SharePoint library have Checkout feature and SharePoint List does not have the Checkout feature,
Diagram - SharePoint Library Checkout
2. SharePoint Library have Mejor and Minor Version and SharePoint List have only Major Version,
Diagram - SharePoint Library Version Setting
Following is the difference between the SharePoint Library version and List Version,
SharePoint Library Version,
SharePoint List Version,
Happy Interviewing..!!!!!