Does QTP support functions such as Onstartresumenext(),
Test complete supports such functions and it also generates some events on error.
Please reply for this..
QTP supports what all vbscript supports.
'on error' can be used.
look up vbscript reference in the qtp help for more info
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can we stop the execution of a qtp script on error and close the qtp?
Yes it is possible.
But why would want to close QTP?
Also look at the Test settings > Run Tab > When error occurs setting, select this to stop run, which will stop the executions as and when any error happens.