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Hello,i am new to joomla.i have went through many tutorials bt none of them seem to explain that module thing .does adding modules and adding extension mean all the same?is there any common way to install and configure modules?

Yes, modules are extensions. When you download a packaged module from either the Joomla site or a third-party developer, go to your admin backend, click on Installers at the top, then to Modules. You’ll see "Upload Package File;" navigate to the package you downloaded and install it that way. After it’s done, just go to your Modules main page to find and configure it. Be sure to add the module position that you choose for it to your template. And no, there is no standard way of configuring modules. They all have their own options. However, they do share common options such as position, hide/show title, etc. (you’ll see this when you open each module to configure).