I'm feeling pretty lazy at the moment, so I might skip a few questions/answer more briefly than I'd like to lol. I'm tired =(
1) You'll actually learn about this in physics in U4, but I'll try and point you in the right direction for now. I wouldn't worry about knowing everything about this though. For now, I'll try and satisfy you with just "when something 'absorbs' a frequency of light, at least in this context, we typically mean that the light is converted to heat" - does that help? Thus, when white light shines on something red, everything but red is absorbed, the thing gets hotter, and red light is reflected back. This is why black cars get so hot - all the light is absorbed and converted to heat! (And 'none' is re-emitted).
2) Has been answered
3) Lots and yes. Don't worry about this now though. In the past, on exams, questions have typically mainly concerned the interpretation of data, but I would not be surprised at all if they sprung highly conceptual questions about chromatography/spectroscopy this year - especially as the whole 'reading a graph' thing is getting kinda old. If I remember correctly, we had a taster of greater conceptual difficulty in last year's midyear (something about caffeine or something, I can't remember). It wasn't a particularly hard question, but it shows they're open to those types of questions. I certainly remember hoping prior to the U3 exam that there'd be difficult questions of this kind about nmr especially, because I knew very few people actually properly understood what what going on

Just as an aside, I really wouldn't bother trying to properly learn spectroscopy and chromatography yet... I didn't at all. Focus on the stuff easier to self-learn, if you feel like you need to do stuff =)
4) I've forgotten the technical definition of the major peak for NMR. I'd have to get up and check, and ceebs atm (I will do it though! I'm just really comfortable on my bed right now...

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5) I'm not sure why you think it should be 460nm. 425nm has the greatest absorbance?