I'm just going to address one point (mainly because the other questions have been addressed already):
"Where interface is being used we can
make use of pure abstract class?"
In theory, you could. However, you will lose flexibility and loose coupling to some extent. It's far more preferable to code to interfaces and pass those around, especially in Inversion of Control (IoC) scenarios and from an integration point of view, as this allows far greater extensibility.
