[Solved]Error No: 53 File not found Bi Publisher

Issue:
Following error pop-up is coming when we hit Oracle BI Publisher > Preview > PDF/EXCEL 
Error No: 53
Desc: File not found
Please confirm that
1) Java runtime version is 1.3 or later is installed correctly
2) The Java executable is accessible through the Windows Path or the Java Home directory is entered in the Preview tab of the options dialog

Solution:
Select correct Java Home by clicking on Browser button next to it.

Navigation:
 Ms Word -->Tools -- > options --> preview tab.

Java home should be selected there, if not select it or update path