Srinidhi,
This needed to be a new thread instead of being added to an answered thread. New threads are much more likely to get attention for people other than those on the original thread.
Have you looked at the board documentation to see which boot pins are connected to which pins on SW1?
Also, I am always unhappy with our documentation when it uses "off" and "on" which could mean 0 and 1 or 1 and 0, respectively.
So I suggest you look at the reference manual that came with the LCDK, which probably includes a schematic, and determine how these pins and switches are related.
Or you can try the settings that are stated in the starterware examples and see how the board works. There is no reason to assume they are wrong, other than the unknown mapping of switches to boot pins.
Regards,
RandyP