Q1: Yes. A sensible number of followed relevant outbound links are good for users and SEO. But excessive outbound links are likely to be counterproductive in a number of ways.
Q2: Yes. If a page with Pagerank links with dofollow to your page that can boost your Pagerank. If the page that links to you is keyword-relevant, that helps your keyword relevance, especially if they are kind enough to use keyword-relevant anchor text.
Above all, remember that links should always be built for users, not SEO.
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