Is .NET a runtime service or a development platform?

Ans: It's both and actually a lot more. Microsoft .NET includes a new way of delivering software and services to businesses and consumers. A part of Microsoft.NET is the .NET Frameworks. The .NET frameworks SDK consists of two parts: the .NET common language runtime and the .NET class library. In addition, the SDK also includes command-line compilers for C#, C++, JScript, and VB. You use these compilers to build applications and components. These components require the runtime to execute so this is a development platform.