Hello,

1 & 4 Please update your theme we have released new version where this problem has been fixed;

3. Add this code to the Theme Settings > Custom CSS

.woocommerce-checkout .woocommerce-checkout-payment li label.payment_method_razorpay {
    margin-bottom: 0;
    display: inline-block;
    width: 80%;
}

2. Check the issue after update.

Best Regards