Yes, low beams are for night driving and parking lights are for...parking.
If you leave your parking lights on when you shut the car off, you are more visible. Flipping the turn signal stalk in either direction lights only that side of the car. For instance, if you park on the right side of the road and flip your turn lever to the left signal position, all of the road side (left side of car) lights will remain on.
See above edited post for bulb location.
