An object experiences a net zero external unbalanced force. Is it possible for the object to be travelling with a non-zero velocity? If yes, state the conditions that must be placed on the magnitude and direction of the velocity. If no, provide a reason.

Yes, it is possible. An object moving in some direction with constant velocity will continue in its state of motion as long as there are no external unbalanced forces acting on it. In order to change the motion of the object, some external unbalanced force must act upon it.