1. What is the purpose of the 'slit' in a spectrophotometer? Does it function simply to focus the light on the monochromator?
The simplest assembly of a monochromator is a prism + slit. This is the way we 'select' a particular color/wavelength.
2. What is the difference between a colorimeter and a spectrophotometer? Is there a difference? As far as I'm aware, spectrophotometers are used in colorimetry as well.
I don't really want to get into the semantics of which of colorimetry or spectroscopy is the broader term. Colorimeter and spectrophotometer generally have very similar instrumental setups, but colorimeters tend to use much broader wavelengths (i.e. terrible monochromator). Where spectrophotometers tend to have spectral purity of <1 nm (high spectral purity), colorimeters can have the incident spectrum spanning 10s or even ~100nm if using a cheap color filter. Colorimeters tend to be a low accuracy, low cost companion to spectrophotometers. These are good for portable use and preliminary analysis.
3. Why are group 1 and 2 metals white in solid state and colourless in aqueous state, while transition metals are colourful in both states? Is it because group 1 and 2 metals do not absorb in the visible region of the electromagnetic spectrum, while transition metals do?
As far as I know, only Cu and Au are coloured in their pure, elemental metal phase. This is because Cu and Au have electron configurations that absorb red and green/blue light more than yellow. Other metals are all 'silver'-like (though silver is a bit of an odd case, as it will appear pale yellow if you place two silver mirrors parallel to each other, I won't go into the details here).
As for salts and aqueous solutions, the answer lies in coordination chemistry. In short, transition metal ions use their d-orbitals to form weaker forms of covalent bonds with other molecules (sometimes neutral, sometimes charged), this modifies the orbital energies, and can affect the color of the compounds. This area is called
inorganic chemistry, it is not part of VCE Chemistry due to its complexity, but is extensively studied throughout university (it is one of the main branches of chemistry)