The names of binary acids do not begin with bi. The names of binary acids being with the "hydro" prefix, then the root of the nonmetal element, then they end with "ic".

Yes. The prefix bi- means two.

bi- like bicycle, binary, angle bisector, etc.

No, you do not. The prefix -mono in front of the first element of a binary covalent compound is dropped.

For example, if we take the molecular compound CO, we do not call it "Monocarbon Monoxide". It is called "Carbon Monoxide".

Yes.