Shift+right-clicking a folder, or its background, will give you extra commands like Open command window here and Copy as path. This Registry file will add an option for Open command window here (Admin), which as implied will open a Command Prompt as Administrator.
Ether run the batch file in an elevated prompt or run the reg file.
And what if i just want these settings to be undone. How should i proceed to remove it from the Right Click Context Menu.