(i) Potential energy of a body is the energy possessed by it due to its state of rest or position. It is the energy stored when work is done on the body to bring it to that state or position.
(ii) Potential energy of a body in the raised (or lifted) position depends on two factors :
(1) the mass of the body greater the mass of the body, greater is the potential energy of the body), and
(2) the height of the body above the ground (greater the height of the body, greater is its potential energy.)