I have already done some research on identifying crash logs but couldn\'t find solution:
Here are my references:
http://www.raywenderlich.com/23704/demystifying-
If your application is crashing randomly then you need to analyze your code. That you can do in XCode only.Open your Project in XCode and in Product menu you will find the Analyze option (cmd+shift+B) .make sure you have selected "iOS Device" before analyzing it.
other than this you can use the this link:
http://www.raywenderlich.com/23037/how-to-use-instruments-in-xcode
apple will not accept your app if it is crashing.
No, Apple will probably get the crash too and reject your app (it's a risk).
About the crash, it's hard to say, you'll have to run the app from XCode and check there where the crash was.
If it's a memory issue, profile the app from XCode and you'll see there which component is crashing.