Can a displacement reaction be also a redox reaction?
Yes, a displacement reaction can be a redox reaction.
Example:
This is a displacement reaction in which copper metal is displaced by zinc also CuSO4 reduces the Cu and Zn oxidises to ZnSO4.
Zn (s) + CuSO4 (aq) → ZnSO4 (aq) + Cu (s)
Zinc Copper sulphate Zinc sulphate Copper
Here Zn is oxidised act as reducing agent and CuSO4 is reduced act as oxidising agent.