Q1.What is use of @SpringBootApplication

 @SpringBootApplication =  @Configuration + @EnableAutoConfiguration + @ComponentScan

@Configuration – Spring Configuration annotation indicates that the class has @Bean definition methods. So Spring container can process the class and generate Spring Beans to be used in the application.Refer here

@EnableAutoConfiguration – @EnableAutoConfiguration automatically configures the Spring application based on its included jar files, it sets up defaults or helper based on dependencies in pom.xml. Auto-configuration is usually applied based on the classpath and the defined beans. Therefore, we donot need to define any of the DataSource, EntityManagerFactory, TransactionManager etc and magically based on the classpath, Spring Boot automatically creates proper beans and registers them for us. For example when there is a tomcat-embedded.jar on your classpath you likely need a TomcatEmbeddedServletContainerFactory (unless you have defined your own EmbeddedServletContainerFactory bean).

@EnableAutoConfiguration has a exclude attribute to disable an auto-configuration explicitly otherwise we can simply exclude it from the pom.xml, for example if we do not want Spring to configure the tomcat then exclude spring-bootstarter-tomcat from spring-boot-starter-web.
@ComponentScan – @ComponentScan provides scope for spring component scan, it simply goes though the provided base package and picks up dependencies required by @Bean or @Autowired etc, In a typical Spring application, @ComponentScan is used in a configuration classes, the ones annotated with @Configuration. Configuration classes contains methods annotated with @Bean. These @Bean annotated methods generate beans managed by Spring container. Those beans will be auto-detected by @ComponentScan annotation. There are some annotations which make beans auto-detectable like @Repository , @Service, @Controller, @Configuration, @Component. In below code Spring starts scanning from the package including BeanA class

@Configuration
@ComponentScan(basePackageClasses = BeanA.class)
@EnableAutoConfiguration(exclude = {DataSourceAutoConfiguration.class})
public class Config {

  @Bean
  public BeanA beanA(){
    return new BeanA();
  }

  @Bean
  public BeanB beanB{
    return new BeanB();
  }

}

Q2.What @Configurable annotation Does?
@Configurable – @Configurable is an annotation that injects dependencies into objects, that are not managed by Spring using aspectj libraries. You still use old way of instantiation with plain new operator to create objects but the spring will take care of injecting the dependencies into that object automatically for you.
Refer here

Q3.What is Starter Project?What are the Starter Project offered?
Starter POMs are a set of convenient dependency descriptors that you can include in your application
spring-boot-starter-web-services – SOAP Web Services
spring-boot-starter-web – Web & RESTful applications
spring-boot-starter-test – Unit testing and Integration Testing
spring-boot-starter-jdbc – Traditional JDBC
spring-boot-starter-hateoas – Add HATEOAS features to your services
spring-boot-starter-security – Authentication and Authorization using Spring Security
spring-boot-starter-data-jpa – Spring Data JPA with Hibernate
spring-boot-starter-data-rest – Expose Simple REST Services using Spring Data REST

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Why Spring Boot created?
There was lot of difficulty to setup Hibernate Datasource, Entity Manager, Session Factory, and Transaction Management. It takes a lot of time for a developer to set up a basic project using Spring with minimum functionality.

What Spring Boot does?
Spring Boot does all of those using AutoConfiguration and will take care of all the internal dependencies that your application needs — all you need to do is run your application. It follows “Opinionated Defaults Configuration” Approach to reduce Developer effort.Spring Boot looks at a) Frameworks available on the CLASSPATH b) Existing configuration for the application. Based on these, Spring Boot provides basic configuration needed to configure the application with these frameworks. This is called Auto Configuration.

How to use Spring Boot ?