The correct options are
C The speed of bead first increases and then remains constant.
D The magnitude of frictional force increases and then remains constant.
From FBD, we can say that,
N+mgsinθ=mv2r .....(1)
mgcosθ−μN=mdvdt.....(2)
From (1), we can say that at first when velocity will increase due to its weight, Normal (N) will also increase because mgsinθ will remain constant, as θ will remain constant in helical path.
Due to increase in N, μN will also increase.
So from (2), we can say that after some time when μN will become equal to mgcos θ.
we will get dvdt=0
⟹v=constantThe component of weight in the direction of velocity of bead will remain constant.
Also at this moment, the bead will acquire terminal velocity because the frictional force and the gravitational pull along the wire both has become equal.
Also due to constant speed, N will also remain constant (from (1)) due to which μN (frictional force) will become constant.
Therefore, option C and D would be the appropriate choices.