Yes, it's equal to a 40mm lens on a full body frame. Focal Lengths are always constant regardless of sensor size, so you always take the crop factor into consideration.
No its 1.8x 20mm, =36mm and the 24mm=44mm aprox.
14mm f2.5 is 25mm so same as native 24mm lens on full frame. You may want to grab the baisc 14-42 kit lense, gives you a 25mm f3.5 with OIS.