(This answer compares all of the generic-type-related properties of Type in a side-by-side table below, so if you're already familiar with .NET's generics and just want a reference then just scroll down to the table)
First, remember the difference between parameters and arguments, especially w.r.t. generic type parameters and generic type arguments (and also generic method type parameters and generic method type arguments):
- A generic type parameter is the declared type "placeholder" in an "open" generic type.
- For example, in 
class Generic<T0,T1> {}, the T0 and T1 symbols are the generic type parameters. Note that when simply given a generic class definition that's unused then there's no type arguments. 
 
- A generic type argument is the type-identifier specified for a generic type parameter by a consumer of a generic class.
- For example, in 
Generic<String,Object> gen = new Generic<String,Object> then...
- ...the generic type argument for generic type parameter 
T0 is String. 
- ...the generic type argument for generic type parameter 
T1 is Object. 
 
- However, generic type arguments don't need to be concrete types: they can be a generic type parameter from the consumer's context.
- For example, in 
class Generic<TItem> { public Object Foo() { return new List<TItem>(); } }
- ...then (inside the 
Foo method) the class Generic<TItem>'s generic type parameter TItem is used as the generic type argument for List<T>'s generic type parameter T. 
 
 
 
- Yes, if you get confused by all that don't worry because that's normal.
 
- Finally, generic method type parameters and generic method type arguments work the same way as generic type parameters and generic type arguments, respectively, except they're scoped to a single method:
- For example, the class 
NotGenericClass in class NotGenericClass { void GenericMethod<T>() {  } } does not have any generic type parameters, but its method GenericMethod<T>() does have a single generic method type parameter - and if GenericMethod is never ever actually called/used/invoked then GenericMethod will not have any generic method type arguments as those only exist at generic instantiation sites (i.e. at the point of generic instantiation). 
 
Given these C# classes...
class NormalClass { }
class Generic<T> { }
class Derived : Generic<String> { }
class HasGenericMethod { public void Foo<T>() {} }
...and these Type instances from GetGenericArguments():
Type[] genericTypeArgs = typeof(Generic<>).GetGenericArguments();
Type genTypeArg = genericTypeArgs.Single();
Type[] genericMethodTypeArgs = typeof(HasGenericMethod).GetMethod( nameof(HasGenericMethod.Foo) ).GetGenericArguments();
Type genMethodArg = genericMethodTypeArgs.Single();
...then their typeof() expressions will have these properties:
| Example | 
typeof(NormalClass) | 
typeof(Generic<>) | 
typeof(Generic<String>) | 
typeof(Derived) | 
genTypeArg | 
genMethodArg | 
typeof(Generic<String>[]) | 
| Type properties | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
Type.IsTypeDefinition | 
Yes | 
Yes | 
No | 
Yes | 
No | 
No | 
No | 
Type.IsGenericType | 
No | 
Yes | 
Yes | 
No | 
No | 
No | 
No5 | 
Type.ContainsGenericParameters | 
No | 
Yes | 
No | 
No | 
Yes4 | 
Yes4 | 
No | 
Type.GenericTypeArguments | 
Empty | 
Empty | 
{ typeof(String) } | 
Empty | 
Empty | 
Empty | 
Empty | 
Type.IsConstructedGenericType | 
No | 
No | 
Yes | 
No | 
No | 
No | 
No | 
Type.IsGenericTypeDefinition | 
No | 
Yes | 
No | 
No | 
No | 
No | 
No | 
| Generic parameter properties: | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
Type.IsGenericParameter | 
No | 
No | 
No | 
No | 
Yes | 
Yes | 
No | 
Type.IsGenericMethodParameter | 
No | 
No | 
No | 
No | 
No | 
Yes | 
No | 
Type.IsGenericTypeParameter | 
No | 
No | 
No | 
No | 
Yes | 
No | 
No | 
| Methods: | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
Type.GetGenericArguments() | 
Empty | 
{ typeof(T) } | 
{ typeof(String) } | 
Empty | 
Empty | 
Empty | 
{ typeof(String) } | 
Type.GetGenericParameterConstraints() | 
Exception1 | 
Exception1 | 
Exception1 | 
Exception1 | 
Empty | 
Empty | 
Exception1 | 
Type.GetGenericTypeDefinition() | 
Exception2 | 
typeof(Generic<>) | 
typeof(Generic<>) | 
Exception2 | 
Exception2 | 
Exception2 | 
Exception2 | 
 
You can generate this table yourself (albiet, transposed) using this LinqPad script.
As a reminder to myself: if you have a Type object from Object.GetType() for an object that may be either a closed generic type (i.e. Object.GetType().IsConstructedGenericType == true), or is a non-generic type derived from that generic type, and you want to find out what, do this:
private static readonly Type _knownGenericType = typeof(Generic<>);
public static Boolean TryGetTypeArgsOfKnownGenericType( Object obj, [NotNullWhen(true)] out Type? actualArgType )
{
    Type t = obj.GetType();
    while( t != null )
    {
        if t.IsConstructedGenericType && t.GetGenericTypeDefinition() == _knownGenericType )
        {
            Type[] tArgs = t.GetGenericArguments();
            actualArgType = tArgs.Single();
            return true;
        }
        t = t.BaseType;
    }
    actualArgType = null;
    return false;
}
So this code below will print "Sucess: T := System.String" twice:
if( TryGetTypeArgsOfKnownGenericType( new Derived(), out Type? tArg ) )
{
    Console.WriteLine("Success: T := " + tArg.FullName);
}
if( TryGetTypeArgsOfKnownGenericType( new Generic<String>(), out Type? tArg ) )
{
    Console.WriteLine("Success: T := " + tArg.FullName);
}
Footnotes:
InvalidOperationException: "Method may only be called on a Type for which Type.IsGenericParameter is true."
 
InvalidOperationException: "This operation is only valid on generic types."
 
typeof(T) is typeof(Generic<>).GetGenericArguments().Single()
 
It's surprising that typeof(T).ContainsGenericParameters == true when T is a generic type parameter without an argument set (i.e. T is undefined), so I'd have expected an InvalidOperationException to be thrown instead.
- The documentation for 
ContainsGenericParameters seemingly justifies returning true (emphasis mine):
For convenience and to reduce the chance of error, the ContainsGenericParameters property provides a standard way to distinguish between closed constructed types, which can be instantiated, and open constructed types, which cannot. If the ContainsGenericParameters property returns true, the type cannot be instantiated.
 
 
Apparently using typeof(T[]) when T is a constructed generic type: the ContainsGenericParameters property is false but the GetGenericArguments() method returns a non-empty array of the type-arguments of T instead of the type-arguments of System.Array (which isn't actually a generic type).