I think it is a Polish KBK Wz. 98 carbine, an almost identical copy of the the WW1 GermanKar. 98AZ carbine, made at PFK Warsaw or FB Radom some where between 1925 and 1931. I can't narrow it down any more, maybe one of the other members can.
Start searching the web, the anwser is out there.
Yes, but before you do, have gunsmith check the weapon, just to be safe.