Its possible to install any Operating System using the pen drive.??

If the bios supports booting from USB, yes. If the bios doesn't support booting from USB, no.

Even if the BIOS doesn't support booting from USB, I just read today about a tool for Windows that will let you boot from USB even if the BIOS doesn't let you. In any case, most any system purchased in the past 5 years or more will boot from USB just fine, though you may need to enable that feature in the BIOS.

As for booting different operating systems from a thumb drive, I taught a mini-class to an IEEE group in Chicago last year that showed how to do that for system recovery. One great tool, found on sourceforge.net, is Unetbootin.

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