Hi Srikanth,
2) The traceability matrix allows you to see the business goals and objectives that the project at hand will accomplish and how exactly they will be achieved - which functional requirements are the result of each business goal and objective. You can use it to verify if a requirement is in or out of scope, what is the impact of a requirement change - facilitates the requirements change control process, etc.
3) "An actor is someone or something outside the system that either acts on the system – a primary actor – or is acted on by the system – a secondary actor." To elaborate on this furhter, a primary actor of the use case "Print a Word Document" will be the writer who indicates that he would like the document printed, and the secondary actor will be the printer that will produce the output. So the actor may be a person, a device, another system or sub-system, or time.
4) A business use case describes the business process that provides value to the business actor, and it describes what the process does. On the other hand the system use case describes the new system's functionality. It describes what the actor will achieve by interacting with the system.
-Vessela