A:
No, companies are standard broadcasting in only 720, or 1090p right now, they are up and coming with 4k in the couple years but it does not upscale 1080p hd into 4k. If your watching a 1080p video on this 4k tv, its going to be 1080p. You have to be watching 4k content to watch it in 4k.
If you want to watch 4k content i suggest the roku 4 that is 4k based and comes with a hdmi 2.0 cable.
I wouldn't upgrade your hdmi cables because you have to reason to because 4k is not available on cable providers tv boxes.