venture of iit bombay vjti alumni finallyprint "going to close the filefh close(except ioerrorprint "errorcan\' find file or read datawhen an exception is thrown in the try blockthe execution immediately passes to the finally block after all the statements in the finally block are executedthe exception is raised again and is handled in the exceptstatements if present in the next higher layer of the try-except statement argument of an exception an exception can have an argumentwhich is value that gives additional information about the problem the contents of the argument vary by exception you capture an exception' argument by supplying variable in the except clause as follows tryyou do your operations here