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Q: What is REPLACE statement?

Answer:
REPLACE substitutes text during compilation. REPLACE ==OLD-TEXT== BY ==NEW-TEXT==. Active until REPLACE OFF or next REPLACE. Useful with copybooks for site-specific modifications. Different from COPY REPLACING-more global.
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Q: What is TITLE statement?

Answer:
TITLE 'Page Header' sets listing page headers. Appears on each page of compilation listing. Useful for documentation. Multiple TITLES change as encountered. After IDENTIFICATION DIVISION start. Compiler directive, not executable.
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Q: Explain IDENTIFICATION DIVISION

Answer:
IDENTIFICATION DIVISION identifies program. PROGRAM-ID required (up to 8 chars for compatibility). AUTHOR, DATE-WRITTEN, DATE-COMPILED, REMARKS are documentation. INSTALLATION for deployment info. Only PROGRAM-ID affects compilation.