Can I Run GTA V

2 cpu is below the minimum suggested requirement but it "will run". As far as your CPU: even the newest i3 7th gen is not as fast as any older i5 for multiple threads. I'm very unsure what's gonna happen: thread dependance may depend on the settings you choose* (ie, PCSS, MSAA/TXAA may offload a thread need, "shadows OFF", etc).

Assuming the 1060 is better than 1050: you'll be pleased with that part I'm sure. 4G memory is better than 2G for gta v if you have $100 extra lying around.

I have a 1050 (2G mem) running on an i5 works apparently better than ps4/xb1s since framerate never drops below 60 once I adjusted settings* and depending on monitor i'm attached** to.

https://www.geforce.com/whats-new/guides/grand-theft-auto-v-pc-graphics-and-performance-guide

https://www.reddit.com/r/GrandTheftAutoV_PC/comments/3c9g6v/gtav_xbox_one_and_ps4_settings/ (note see lowest post by Nitrogeneration)

For settings let me say MSAA/TXAA shadow may impact framerate badly (depends on nv card), so use FXAA (but do use NVIDIA PCSS). Shadows can be "high" but anything above will be a big penalty wherever there are many shadows (which is very many, say 1/10 of the whole game space).

Your MONITOR hardware will have a great impact: I can pull 85 Hz fps continuous (no frame drop) at 1024x768 and it's scary smooth: but lower in details. I greatly prefer 1280x1024 @60Hz (on vga CRT or LED panel). Size matters: i tried a 3500x1440 LED and visual detail is nicely higher but visual settings had to be set lower and framerate was only 45+ average gameplay (still playable) (i rate this as an option but not definitively better). Back to "normal": because CRT has excellent contrast ratio and is analog: I really prefer it given a choice to LED. Now to the point! If your having speed issues and have a HD LED monitor and using an hdmi cable (much lower quality than display port cable or vga cable) and have a "dumb HD": you may not be able to change display size or refresh rate and be forced into Settings cut-backs (nothing on "very high")

I'm guessing may get a locked 60 fps on a typical LED HD TV somehow, but unsure what settings would do it.