Seema,
Welcome to CodeRanch!
1) For the
Java 7 exam, yes. You need to know the basic syntax of both. (For the Java 6 exam, you only need to know regular expressions, but not globs.)
2/3) Globs are used for files. They are different then regular expressions. For example, it makes sense to say "match all files/directories regardless of level" which is a glob concept.