Settings in Google Drive is where you can set your Language, Time Zone and choose whether you want Docs to open in a new window and show in bold if they've been updated.
One of the first things to do when starting off with Google Drive is to check your Settings. To do so click on the cog on the right and choose Settings.
Unlike the array of options and tabs in Gmail Settings, you don't have many settings to worry about in Google Drive. Simply set the Language and Time Zone you'd like and edit Where items open to choose whether you want to open items in a new window or in the existing one. You can also use Update indicators to control whether you'd like to be alerted to changes made to documents - this is actually a neat feature, so we recommend you keep it on.
Settings also shows you how much Storage you are using in your Google Drive, and tells you how much is in the Bin.