Every year 1stMay is observed as May Day and is also known as International Labour Day worldwide. The day is observed as an occasion to commemorate the contributions of labourers and the working class. The first Labour Day was marked in 1890 in Europe, after the International Congress of Socialist Parties declared that 1 May would be associated with labour rights. The day continues to celebrate the achievements of the workers’ movement like the eight-hour working policy.
The theme for World Day Against Child Labour 2022 is “Universal Social Protection to End Child Labour”. It calls for investments into social safety nets and programs to protect children from being forced into child labour. Every year, June 12 is marked as the World Day Against Child Labour.
2. Why do warm, moist and relatively undisturbed tropical conditions favour cyclone development?
Warm sea surfaces above about 26.5°C to sufficient depth supply favourable conditions.
A pre-existing low-level weather disturbance can initiate development.
Strong vertical wind shear helps organise the developing circulation.
High lower- to mid-tropospheric humidity supports cyclone formation.
Which of the statements given above is/are correct?
[A] 1 only [B] 1 and 2 only [C] 2, 3 and 4 only [D] 1, 2 and 4 only
Statement 1 is correct: Cyclone formation is favoured by sea-surface temperatures generally above 26.5°C extending to at least 50 metres.
Statement 2 is correct: A pre-existing low-level weather disturbance is among the conditions that favour tropical cyclone formation.
Statement 3 is incorrect: Low vertical wind shear is favourable; strong shear can disrupt the organisation of a developing cyclone.
Statement 4 is correct: High relative humidity in the lower to middle troposphere is a favourable formation condition.
3. What is the maximum transaction limit for Near Field Communication (NFC)-based contactless payments at Point of Sale (POS) terminals that does not require a Personal Identification Number (PIN) in India?
Notes: For NFC-based contactless payments at physical Point of Sale (POS) terminals, a PIN is not required for transactions up to ₹5,000. Transactions exceeding this amount require PIN entry.
4. Which of the following functions are performed by the National Financial Switch (NFS)?
Interoperable cash withdrawals from ATMs.
Enabling direct debit for utility bill payments.
PIN changes at ATMs.
Routing transaction messages between card-issuing banks and ATM-deploying institutions.
Select the correct answer using the code given below:
[A] 1, 2 and 3 only [B] 1, 3 and 4 only [C] 2 and 4 only [D] 1, 2, 3 and 4
Notes: The National Financial Switch (NFS) facilitates interoperable services such as cash withdrawals, balance enquiries, and PIN changes across ATMs of different banks. It also securely routes transaction messages between card-issuing banks and ATM-deploying institutions. Enabling direct debit for utility bill payments is typically a function of services like the National Automated Clearing House (NACH) or Bharat Bill Payment System (BBPS), not NFS. Thus, statement 2 is incorrect.
5. How many of the following factors are considered by the Cabinet Committee on Economic Affairs (CCEA) while finalizing the Fair and Remunerative Price (FRP) for sugarcane?
Cost of cultivation
Returns from alternative crops
Sugar recovery rate
Sale value of sugar
Sale value of by-products
International sugar prices
Select the correct option from the codes given below:
Notes: The factors considered for FRP include cost of cultivation, returns from alternative crops, sugar recovery rate, and sale value of sugar and by-products. International sugar prices are generally not a direct factor in FRP fixation, although they may influence broader trade policies.
