Daily Current Affairs December 06

Dear Champions, as you all know that a lot of competitive exams have been notified consequently. Candidates have to prepare themselves according to the level of competition and expectation of the Recruitment board. Regarding that one of the most important topic is Daily Current Affairs December 06. Current Affairs in the form of contemporary events of national & international play a crucial role in almost every competitive exams like Banking, Insurance, SSC, UPSC, TNPSC, Railway etc.

Current affairs are the most dynamic yet scoring among all sections and need to be prepared from the right source. Here, we cafunsta team, providing  Daily GK Updates, Current Affairs Questions, and Monthly  current affairs pdf.

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December 06| Daily Current Affairs 2022

Sports – Daily Current Affairs December 06

1. Who among the following became India’s 77th GM?
A) Bharath Subramaniyam
B) Rahul Srivatshav
C) Pranav V
D) Aditya Mittal
E) None of these
Answer: D) Aditya Mittal

• Sixteen-year-old Aditya Mittal has become India’s 77th chess Grandmaster during an ongoing tournament in Spain.
• The Mumbai player, who had secured three GM norms, crossed 2,500 ELO points mark during the sixth round of the ongoing Ellobregat Open tournament in Spain.
• He drew the game against Spain’s No.1 Francisco Vallejo Pons to achieve the feat.
• To become a GM, a player has to secure three GM norms and cross the live rating of 2,500 ELO points.

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Banking and Finance – Daily Current Affairs December 06

2. Govt will allow consortium of foreign funds to own over ___________percent in IDBI Bank?
A) 51%
B) 60%
C) 75%
D) 50%
E) None of these
Answer: A) 51%

• The Indian government will allow a consortium of foreign funds and investment firms to own more than 51% in IDBI Bank Ltd, according to a government clarification.
• The current guidelines of the Reserve Bank of India restrict foreign ownership in new private banks.
• The central bank’s residency criteria for promoters applies only for newly set up banks and would not apply to an existing entity like IDBI Bank, the Department of Investment and Public Asset Management said in a response to interested bidders’ queries.

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3. Yes Bank revised FD interest rates up to _______percent on this FD tenure?
A) 5%
B) 6%
C) 7%
D) 8%
E) None of these
Answer: C) 7%

• Yes Bank has revised its fixed deposit interest rates for amounts below Rs 2 crore with effect from December 5, 2022.
• The bank will now offer interest rates between 3.25% and 7% on tenures ranging from 7 days to 10 years.
• Deposits with maturities between one year and three years will now earn the general public a maximum interest rate of 7%.

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4. Karur Vysya Bank hikes loan interest rates by __________basis points?
A) 25 basis points
B) 10 basis points
C) 15 basis points
D) 20 basis points
E) None of these
Answer: A) 25 basis points

• Karur Vysya Bank has raised the marginal cost of funds-based lending rates (MCLR) across tenures by 25 basis points.
• The new rates will be effective from December 6, 2022.
• The overnight MCLR will increase from the present 8.05% to 8.30%.
• The one-month MCLR will increase from its current 8.20% to 8.45%.
• The three-month MCLR for Karur Vysya Bank will be 8.60% from 8.35% and six month MCLR will increase to 8.95% from 8.70%.
• The banks one-year MCLR stands at 9.05% from 8.80%.

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5. Bandhan Bank revises bulk FD rates upto _________percent for 7 days to 10 years?
A) 5%
B) 6%
C) 7%
D) 8%
E) None of these
Answer: A) 5%

• Bandhan Bank revised interest rates on bulk fixed deposits (FDs) and the new rates are effective as of today December 06, 2022.
• Following the revision, the bank is now providing interest rates on deposits that mature in 7 days to 10 years that range from 3.25% to 5.00%.
• The maximum interest rate for deposits maturing in 365 days to less than 15 months is now 7.25%.

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6. Canara Bank hiked MCLR by ________ basis points?
A) 5 basis points
B) 10 basis points
C) 15 basis points
D) 20 basis points
E) None of these
Answer: A) 5 basis points

• Canara Bank, one of the leading public sector lenders, increased its Marginal Cost of Funds Based Lending Rate (MCLR) across all tenors by 5 basis points.
• The new MCLRs will go into effect on December 7, 2022.
• The minimal interest rate below which financial institutions cannot provide loans is referred to as MCLR (Marginal Cost of Funds Based Lending Rate).
• On overnight to 1-month MCLR, the bank has hiked the interest rate by 5 bps from 7.25% to 7.30% and on 3 month MCLR, Canara Bank has hiked the interest rate by 5 bps from 7.55% to 7.60%.
• Canara Bank has hiked 6-month MCLR by 5 bps from 8.00% to 8.05% and the bank has also hiked 1-year MCLR by 5 bps from 8.10% to 8.15%.

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Business and Economy – Daily Current Affairs December 06

7. World Bank upgraded India’s GDP growth forecast for 2022-23 to _________percent?
A) 5.7%
B) 6.9%
C) 7.1%
D) 8.3%
E) None of these
Answer: B) 6.9%

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8. Inflation expected to be ___________ per cent in FY23 according to World Bank’s India Development Update?
A) 5.9%
B) 6.7%
C) 7.1%
D) 8.3%
E) None of these
Answer: C) 7.1%

• The World Bank today said that the Indian economy is set to grow at 6.9 per cent in 2022-23, raising its forecast of 6.5 per cent growth made in October.
• It said India has demonstrated resilience despite a challenging external environment.
• The World Bank said that despite these challenges, India is expected to register strong GDP growth and remain one of the fastest growing major economies in the world, due to robust domestic demand.
• It noted that India’s economy is relatively insulated from global spillovers compared to other emerging markets.
• Inflation expected to be 7.1 per cent in FY23 by World Bank’s India Development Update.

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9. India growth forecast at _______percent for 2022-23 by Fitch Ratings?
A) 5%
B) 6%
C) 7%
D) 8%
E) None of these
Answer: C) 7%

• Fitch Ratings has retained India’s economic growth forecast at 7 per cent for current fiscal.
• The ratings agency said that India could be one of the fastest-growing emerging market this year.
• Fitch Ratings, however has cut the projections for the next two financial years saying that even though the country is shielded to some extent from global economic shocks but is not impervious to global developments.
• Fitch projected India’s GDP to grow at 7 per cent in the current fiscal and slow to 6.2 per cent in 2023-24 and 6.9 per cent in 2024-25, in its Global Economic Outlook, December edition.

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Acquisitions and Mergers – Daily Current Affairs December 06

10. Which of the following joined hands with NSIC to help MSMEs grow, unlock export potential?
A) Walmart
B) Flipkart
C) Amazon
D) Only A & B
E) Only B& C
Answer: D) Only A & B

• Walmart and Flipkart joined hands with the National Small Industries Corporation (NSIC) to accelerate capacity building for micro, small and medium enterprises (MSMEs) across India, help them unlock export potential and become part of retail supply chains locally and globally.
• The agreement was signed at a summit here to mark the milestone of 20,000 MSMEs completing their training under the Walmart Vriddhi Supplier Development Programme, of which Swasti is a programme partner.

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Science and Technology – Daily Current Affairs December 06

11. Who among the following developed the first open-source satellite ‘InQube’ to be launched?
A) Onkar Batra
B) Ritu Karidhal Srivastava
C) Minal Sampath
D) Anuradha TK
E) None of these
Answer: A) Onkar Batra

• Onkar Batra, a 12th-standard student at BSF Senior Secondary School Jammu who has added another feather as India’s first open-source satellite ‘InQube’ developed by him is going to be launched this month with the help of Indian Space Agency- ISRO.
• InQube was prepared under the banner of Paradox Sonic Space Research Agency.

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Defence – Daily Current Affairs December 06

12. Which edition of “Exercise Sangam” between Indian Navy and US Navy commenced in Goa?
A) 6th
B) 7th
C) 8th
D) 9th
E) None of these
Answer: B) 7th

• The 7th edition of Exercise Sangam, a joint Naval Special Forces exercise between Indian Navy MARCOs and US Navy SEALs commenced in Goa on December 1.
• Exercise Sangam was first conducted in 1994 and is an important military and diplomatic initiative between the two nations, reflective of the trust and friendship between them.

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International Affairs – Daily Current Affairs December 06

13. Which edition of Admiral’s Cup Regatta was inaugurated by Vice Admiral Puneet K Bahl ?
A) 9th
B) 10th
C) 12th
D) 11th
E) None of these
Answer: D) 11th

• In Kerala, the 11th edition of the Admiral’s Cup Sailing Regatta got underway at the picturesque Ettikulam Bay near Ezhimla in the Kannur district.
• Sailing teams from 28 countries including two teams from India are participating in the championship.
• The sailing regatta, conducted using Laser Radial Sailing boats is aimed at building bridges with friendly foreign navies.
• Vice Admiral Puneet K Bahl, Commandant, of the Indian Naval Academy, inaugurated the exhibition.

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14. The Embassy of Italy was organizing the which edition of World Week of Italian Cuisine in India?
A) 6th
B) 7th
C) 8th
D) 9th
E) None of these
Answer: B) 7th

• Italian cuisine is definitely one of the most loved cuisines across the globe.
• Known for its delicious and iconic dishes, it has become a cult favorite for countless Indians.
• The Embassy of Italy in New Delhi is all geared up to launch the 7th Edition of the World Week of Italian Cuisine (WWIC) in India, which is set to take place in New Delhi, Mumbai, Kolkata, Bengaluru from 30th November till 10th December 2022.

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National Affairs – Daily Current Affairs December 06

15. Union Minister Anurag Thakur inaugurated India’s first Drone Skill Training Conference & Drone Yatra in ________?
A) Chennai
B) Mumbai
C) Bengaluru
D) Cochin
E) None of these
Answer: A) Chennai

• Union Minister for Youth Affairs and Sports, and Information and Broadcasting Anurag Singh Thakur inaugurated India’s first Drone Skilling and Training Virtual E-Learning Platform in Chennai.
• Thakur also launched the first of 1000 planned Drone Centre of Excellence at Garuda Aerospace’s Manufacturing unit in Chennai, and also flagged off Garuda Aerospace’s Drone Yatra, ‘Operation 777’ – meant to educate and demonstrate the efficacy of drones for different agricultural uses across 777 districts in India.

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16. Who among the following minister inaugurated the setting up of “Agriculture Investment Portal”?
A) Shri Rao Inderjit Singh
B) Shri Narendra Singh Tomar
C) Shri G. Kishan Reddy
D) Shri Anurag Singh Thakur
E) None of these
Answer: B) Shri Narendra Singh Tomar

• The Co-Chairperson of Bill & Melinda Gates Foundation, Ms. Melinda French Gates held a meeting with the Union Minister of Agriculture and Farmers Welfare, Shri Narendra Singh Tomar, in New Delhi.
• During the meeting, Shri Tomar inaugurated the creation of an integrated “Agriculture Investment Portal” by the Ministry of Agriculture and Farmers Welfare.
• In the meeting, Shri Tomar said that under the leadership of Prime Minister Shri Narendra Modi, the government has full focus on promoting women farmers in the country.

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Over All Review

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