Dear Niharika
I believe the flags are explained quite well if you mark it/them and press "f1" help.
Shortly: these flags (if they are active) can support dramatically the user interaction in CG02 Edit mode during maintenance. The "single instance" flag is used rarely. If i remember correct "invert axes" is as well related how the "property" is shown in Cg02 by default.
Check STANDARD property tree set up.
C.B.