The document describes the forward and reverse bias characteristics of a PN junction diode. It explains that a diode acts as a closed switch under forward bias, allowing current to flow, and an open switch under reverse bias, blocking current. The document provides details on the diode's structure, barrier potential, static and dynamic resistances, and leakage current. It describes setting up a circuit to measure the voltage-current relationship of a silicon diode under both forward and reverse bias conditions. Plots of the diode characteristics are generated from the experimental data.