How to save Custom Post Type in WordPress 3.7

Brief Introduction: When it comes to content management system, WordPress has taken a leap in this area through its diverse technologies. The major development to this was the custom post type mechanism. The evolution of this mechanism allowed the creation of variety of content. Previous version: Gained prominence in 2005, Custom Post types have grown popular with it’s latest technologies and flexibility. The popularity of custom post types gained momentum when WordPress 1.5 added support for static pages, creating the post_type database field. The advanced WordPress functions made coding extremely easy for the developers. The wp_insert_post() function has been around since WordPress 1.0, so when the post_type field was implemented in 1.5, you could simply set the post_type ( Example…