This file is indexed.

/usr/share/kde4/config/klaunchrc is in plasma-active-default-settings 1:0.4-0ubuntu1.

This file is owned by root:root, with mode 0o644.

The actual contents of the file can be viewed below.

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[BusyCursorSettings]
Blinking=false
Bouncing=false

[FeedbackStyle]
BusyCursor=false