No. Redmi Y2 can support only one 4G sim card at a time. Another sim card will work either on 2G or 3G network as per your preference.
Yes, Redmi Y2 does have the front camera flash.
Yes, You can connect Redmi Y2 with smart tv.
Yes, Redmi Y2 does have the bokeh mode.
Yes, Redmi Y2 does have the OTG support.
The Xiaomi Redmi Y2 is a slightly better attempt at a selfie-focused smartphone than the model it replaces. It has proven hardware that is capable of delivering a smooth user experience, plus MIUI 9.5 which has a lot of added features.