Answer Posted / sudhadevi

Transient
~~~~~~~~~
identifies a variable not to be written out when
an instance is serialized (It can'nt be copied to remove
system)

Volatile
~~~~~~~~
indicates that the field is used by synchronized
threads and that the compiler should not attempt to perform
optimizations with it.When more than one thread share a
(volatile) data it is checked every time. Every thread
keeps the latest value of volatile variable

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