What is stored in the following memories RAM and ROM?

ROM (Read Only Memory) stores the information currently being used by the computer. It holds all your loaded programs, and the data that goes along with them, waiting for the processor to make use of the information (to process it, if you will).

RAM (Random Access Memory) is memory which cannot be changed. This would be information hard-wired into your electronic device. For a computer, this might be the default BiOS and BiOS settings.