(1) Is GNU radio software is sufficient for full transceiver design ?
Have a read of this page for more information on what you can do with GNU Radio:
http://gnuradio.org/redmine/projects/gnuradio/wiki/WhatIsGR
http://gnuradio.org/redmine/projects/gnuradio/wiki/WhatIsGR
(2) What other components are required in the hardware circuits?
You'll need an antenna resonant for the target frequency ideally with an SMA Male connecter.
(3) What is the cost of USRP motherboard, RFX2400,SBX40 and CBX40 ?
Ettus motherboards, specifications and prices can be found here:
https://www.ettus.com/product/category/USRP-Networked-Series
https://www.ettus.com/product/category/USRP-Networked-Series
See the Ettus product page for their daughterboards, prices, simplex/duplex capabilities and frequency ranges:
https://www.ettus.com/product/category/Daughterboards
https://www.ettus.com/product/category/Daughterboards
Be aware that the WBX only goes up to 2.2GHz so does not cover the wanted 2.4GHz ISM band.
Ettus isn't the only manufacturer of GNU Radio compatible hardware so have a look here for other options:
http://gnuradio.org/redmine/projects/gnuradio/wiki/Hardware
http://gnuradio.org/redmine/projects/gnuradio/wiki/Hardware
Mike
 
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