Hi Sharat, Welcome!
I'm new to this community and have been using Confluence for under a year.
My suggestion to you is to go along with the standard names for things for a while, and keep a list of desired changes you might like.
Using an out-of-the-box setup makes your experience more comparable to others and fits in with existing documentation. You don't need to convert things like "Questions" into "Ideas" or "HowTo articles" into a "FAQ", when looking at documentation.
Furthermore, you may discover that Confluence features are pretty well thought-out. As a perfectionist, I'm tempted to "improve" and "adjust" everything I use, and sometimes that detracts from seeing and enjoying the good that is there.
Later, of course, it does make sense to customize as needed.
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