Both of these programming shortcuts allow programmers to write Java code without bothering with all of the nagging errors from the compiler and without bothering to specify or catch any exceptions. While this may seem convenient to the programmer, it sidesteps the intent of Java's catch or specify requirement and can cause problems for the programmers using your classes. The exceptions that a method can throw are as much a part of that method's programming interface as its parameters and return value.
Runtime exceptions represent problems that are detected by the runtime system.
Runtime exceptions can occur anywhere in a program and in a typical program can be very numerous. Typically, the cost of checking for runtime exceptions exceeds the benefit of catching or specifying them. Thus the compiler does not require that you catch or specify runtime exceptions, although you can. Simply, you get the ability to throw an exception without specifying that you do so. In other words, it is a way to avoid documenting the exceptions that a method can throw.