Step 1: Understanding the Concept:
A p-n junction diode behaves differently under forward and reverse biasing. The names of the currents generated in these states are distinct.
Step 2: Detailed Explanation:
1. Statement A: In forward bias, once the applied voltage exceeds the "knee voltage" or "threshold voltage" (approx. 0.7V for Silicon), the potential barrier is overcome, and current increases exponentially. This is True.
2. Statement B: The current in forward bias is known as Forward Current. "Reverse saturation current" is the very small current that flows when the diode is reverse biased, caused by the movement of minority charge carriers. This is False.
Step 3: Final Answer:
Statement A is true, but Statement B is false.