Hello Vishal,
Status: Represents the state of an issue at a particular point in a specific workflow
https://confluence.atlassian.com/display/JIRA/What+is+Workflow
Resolution: A record of the issue's resolution, if the issue has been resolved or closed.
https://confluence.atlassian.com/display/JIRA/What+is+an+Issue#WhatisanIssue-Resolution
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