Step 1: Understanding the Concept:
Forward bias occurs when the P-side is connected to the positive terminal and the N-side to the negative terminal of a battery.
Step 2: Detailed Explanation:
In forward bias, the applied voltage opposes the built-in potential (barrier potential) of the depletion layer. This reduces the width of the depletion region and lowers the potential barrier, allowing majority carriers to diffuse across the junction easily, resulting in a large current.
Step 3: Final Answer:
The correct option is (b).