Android Cursor over Generic list of business objects?

Question

In .NET land I would normally query the database and populate a generic List kind of collection. Then the app would use this.

In Android land I have been reading about D

Answer 1

Is this to save on resources perhaps?

Exactly. + performance.
The general rule is to avoid creating objects w/o necessity as you are limited on memory, cpu power (and resulting battery life) and garbage collection is rather expensive.