sqlplus is the commandline interface to Oracle. From the "SQL>" prompt, you can run the various sql commands: select, insert, update, delete, etc.
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4. If someone said "We will run some SQL queries on sqlplus on MS-SQL", what does that mean?
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If someone actually said #4 above, it means they didn't really know what they were talking about.
MS-SQL refers to Microsoft SQLServer while sqlplus is an Oracle program.