All answers to your questions Mahesh are correct, but there is another kind of weight transfer in any car, and especially in racing cars, and constructors doing a great job preventing that. Moving of liquids and driver itself during cornering, breaking and accelerating is a big problem if you want to improve your time every hundreds of the second. All tanks with liquids have built in separators to prevent movements of liquids and improve stability of the car. Even movement of driver head in corners is a problem (not so big, but still a problem) because is very high considering car center of gravity.