Ω = Latin Letter "Omega". This is the symbol used to identify resistance measured in Ohms.
K = Metric prefix "Kilo". It means 1000, so for example, 1kg would mean one thousand kilograms.
On a DMM (Digital Multimeter), the different settings are used when you need to measure varying levels of resistance. So an example scale would look like this:
20 = 20 ohms.
200 = 200 ohms.
2k = 2,000 ohms.
20k = 20,000 ohms.
200k = 200,000 ohms.
2000k = 2,000,000 ohms.
If you set it too high, like 200k, then you likely wouldn't be able to see the resistance on the display. If you set it too low, then it's likely that the meter will just error out. Try starting it on the lowest setting, 200Ω or whichever you have, and then go up if it gives you an error.