Actually there are many ways to tell if you have a bad cat.
.A rotten egg smell coming out of the exaust
.Hesitation and/or bucketing when acceleration takes places
.Increase in engine running temp
.A ratteling in the muffler as car idles
.Car dying sparatically due to engine backpressure
.Difference in temperature from the back of the converter to the front due to clogging
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That code means that the oxygen sensor downstream of the catalytic converter on bank 2 is detecting that the converter is not working as efficiently as it should be. It could be a bad oxygen sensor, a bad catalytic converter or and exhaust leak.
That depends on the engine and the fuel you've used. If the engine starts burning oil a catalytic converter can fail rapidly. Some fuel additives can also cause a catalytic converter to fail prematurely.
A OEM converter should bolt in exactly like the original, an after market may have to be cut and welded in.
The catalytic converter is always in front of the muffler. Somewhere in the first third of the exaust system. Varies car to car.
yes ,gud chance it is blocked