Daily Current Affairs December 07

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 07. 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.


December 07| Daily Current Affairs 2022

Important Days – Daily Current Affairs December 07

1. Armed Forces Flag Day observed across country on_____________?
A) 8 December
B) 7 December
C) 6 December
D) 5 December
E) None of these
Answer: B) 7 December

  • DAY : Armed Forces Flag Day
  • DATE : 7th December
  • OTHERS : To honour the martyrs and the Armed Forces personnel who safeguard the motherland.

2. International Civil Aviation Day observed on____________?
A) 8 December
B) 7 December
C) 6 December
D) 5 December
E) None of these
Answer: B) 7 December

  • DAY : International Civil Aviation Day
  • DATE : 7th December
  • THEME : “Advancing Innovation for Global Aviation Development”
  • OTHERS : To raise awareness about its importance to the social and economic development of States and the role that ICAO plays in International air transport.

Sports – Daily Current Affairs December 07

3. Mirabai clinched ___________ at World Weightlifting Championship?
A) Gold
B) Silver
C) Bronze
D) Only a & b
E) None of these
Answer: B) Silver

  • Star Indian weightlifter Mirabai Chanu endured wrist pain to grab a silver medal at the World Championships and in the process beat Tokyo Olympics champion Hou Zhihua.
  • The Tokyo Olympic silver medallist, competing in the 49kg category, managed to lift 87kg in snatch and in 113kg in ‘clean and jerk’ for an overall effort of 200kg.

4. Who among the following Indian billionaires on Forbes Asia Heroes of Philanthropy list?
A) Gautam Adani
B) Shiv Nadar
C) Ashok Soota
D) All the above
E) None of these
Answer: D) All the above

  • Indian billionaires Gautam Adani, Shiv Nadar, and Ashok Soota, as well as Malaysian-Indian businessman Brahmal Vasudevan and his lawyer wife Shanthi Kandiah, were named in the 16th edition of Forbes Asia’s Heroes of Philanthropy list released on December 6.
  • The unranked list “highlights leading altruists in the Asia-Pacific region who demonstrated a strong personal commitment to philanthropic causes,” Forbes said in a press release.

Banking and Finance – Daily Current Affairs December 07

5. RBI hikes lending rate by ____________basis points to 6.25 pc?
A) 35 basis points
B) 30 basis points
C) 25 basis points
D) 20 basis points
E) None of these
Answer: A) 35 basis points

  • The Reserve Bank expectedly raised the benchmark lending rate by 35 basis points (bps) – the fifth increase since May – saying it remains focussed on bringing down the inflation to a tolerable limit.
  • The move to raise the rate will make loans — including housing, auto — and corporate credit expensive.
  • Terming the Indian economy a bright spot in the otherwise gloomy world, the Reserve Bank of India (RBI) lowered its estimate of GDP growth to 6.8 per cent in the fiscal ending March 31, 2023, from an earlier forecast of 7 per cent.

6. RBI lowered GDP growth projection to ___________percent for FY23?
A) 5.9%
B) 6.8%
C) 7.6%
D) 8.5%
E) None of these
Answer: B) 6.8%

  • The Reserve Bank on Wednesday marginally lowered the country’s GDP growth projection for the current fiscal at 6.8 per cent from its earlier estimate of 7 per cent.
  • However, despite the downward revision in the economic growth projection, India will remain among the fastest growing major economies in the world, said RBI Governor Shaktikanta Das while announcing the latest bi-monthly monetary policy.

7. RBI projected inflation to fall below ___________percent by Mar 2023?
A) 5%
B) 6%
C) 7%
D) 8%
E) None of these
Answer: B) 6%

  • The Reserve Bank projected inflation to come down below the upper threshold level of 6 per cent by March quarter of the current fiscal.
  • RBI Governor Shaktikanta Das said the central bank will keep ‘Arjuna’s eye’ (focus) on the evolving inflation dynamics and will remain ‘nimble and flexible’ to deal with the price situation

Reserve Bank of India (RBI):

Founded: 01/04/1935
RBI Act,1934
HQ: Mumbai
Chairman: Shaktikanta Das
1926 – Hilton Young Commission
1937 – Calcutta to Mumbai
1949 – Nationalisation

8. NPCI will introduce ‘single-block-and-multiple debits’ functionality in _______________?
C) QR Code
D) All the above
E) None of these
Answer: A) UPI

  • The National Payments Corporation of India (NPCI) will soon introduce a ‘single-block-and-multiple debits’ functionality in the Unified Payments Interface (UPI) to enhance the ease of making payments in the e-commerce space and towards investments in securities.
  • RBI Governor Shaktikanta Das observed that by introducing this functionality, the capabilities of UPI will be further enhanced.

National Payments Corporation of India:

Founded : 2008
Headquarters : Mumbai, Maharashtra
MD & CEO : Dilip Asbe

9. Which of the following bank and NASSCOM COE partnered to grow the innovation ecosystem?
C) Axix Bank
D) HDFC Bank
E) None of these
Answer: A) IDFC FIRST Bank

  • IDFC FIRST Bank and NASSCOM Centre of Excellence (COE) have partnered to grow the innovation ecosystem through an exclusive range of banking solutions.
  • A Memorandum of Understanding (MoU) was signed between IDFC FIRST Bank and NASSCOM COE appointing the bank as a preferred banking partner for startups, at an event in Bangalore attended by startup founders.
  • IDFC FIRST Bank will offer its curated products and solutions for startups including Zero Balance Startup Current Account, uniquely designed Working Capital solutions for pre-profit startups, Business Credit Cards for Startups with step-up credit, a tailored ‘Founder Success Program’ and 40 Beyond Banking offers from its partners.
  • While NASSCOM CoE will bring in technology and domain expertise to the partnership, IDFC FIRST Bank will offer tailored financial products to support innovation.

Infrastructure Development Finance Company Limited:

Founded : 1997
Headquarters : Chennai, Tamil Nadu
Owner : Government of India

10. Senior citizens can earn up to _______% interest rate on this Suryoday Small Finance bank’s FD?
A) 9.59%
B) 10.50%
C) 8.45%
D) 7.56%
E) None of these
Answer: A) 9.59%

  • Suryoday Small Finance Bank has revised the interest rates on fixed deposits of under Rs 2 crore.
  • The new rates are applicable from December 6, 2022.
  • Following the change, the bank has increased its interest rates across all tenors.
  • The bank offers fixed deposits with maturities ranging from seven days to ten years with interest rates ranging from 4.00% to 9.00% for the general public and 4.50% to 9.59% for senior citizens.

11. HDFC Bank hiked loan interest rates by up to _____________basis points?
A) 5 basis points
B) 10 basis points
C) 15 basis points
D) 20 basis points
E) None of these
Answer: B) 10 basis points

  • HDFC Bank hiked loan interest rates, effective from December 7, 2022, the overnight MCLR is now 8.30% from earlier 8.20%, an increase of 10 basis points (bps).
  • The MCLR for one month is 8.30% up from 8.25%, an increase of 5 bps.
  • The three-month and six-month MCLRs will be 8.35 percent and 8.45%, respectively.
  • The one-year MCLR, which is connected to many consumer loans, will now be 8.60%, the two-year MCLR will be 8.70% from 8.30%, and the three-year MCLR will be 8.80% from earlier 8.75%.

HDFC Bank Limited:

Formed : August 1994
Headquarters : Mumbai, Maharashtra
CEO : Sashidhar Jagdishan

Books and Authors – Daily Current Affairs December 07

12. HarperCollins was proud to announce the official autobiography of Wasim Akram who is a/an_________?
A) Actor
B) Cricketer
C) Politician
D) Soldier
E) None of these
Answer: B) Cricketer

  • All of this against a backdrop of conspiracy and intrigue over ball tampering and match-fixing, about which Wasim finally sets the story straight.
  • Sultan provides an unprecedented insight into the life both on and off the field of a cricketer who revolutionized the sport with his speed and swing, and a patriot buoyed and burdened by the expectations of one of the games most fanatical publics.
  • Commenting on the release of his memoir, Wasim Akram said, Im delighted to bring my memoir, Sultan, to cricket lovers and my dear fans in the Indian subcontinent, thanks to my publishers, HarperCollins India.

Appointments – Daily Current Affairs December 07

13. Who among the following appointed as ONGC head?
A) Arun Kumar Singh
B) S Varadarajan
C) Shrikant Madhav Vaidya
D) Satya Pal Wahi
E) None of these
Answer: A) Arun Kumar Singh

  • Arun Kumar Singh, former chairman of oil refining and marketing company BPCL, was appointed chairman and managing director of ONGC — the first instance of a retired person being appointed the head of a Maharatna PSU.
  • The Appointments Committee of Cabinet (ACC) has approved the proposal of Ministry of Petroleum and Natural Gas for appointment of Arun Kumar Singh, ex-CMD, BPCL as Chairman, ONGC for a three-year tenure with effect from the date of his assumption of charge of the post.

International Affairs – Daily Current Affairs December 07

14. FAO Opening Ceremony of International Year of Millets 2023 held in _________?
A) Italy
B) Mexico
C) Canada
D) Germany
E) None of these
Answer: A) Italy

  • The Food and Agriculture Organization (FAO) of the United Nations, organized an opening ceremony for the International Year of Millets – 2023 (IYM2023) in Rome, Italy.
  • An Indian delegation led by Sushri Shobha Karandlaje, Minister of State, Agriculture & Farmers Welfare along with Smt. Shubha Thakur, Joint Secretary (Crops), DA&FW and other senior officials were present at the opening ceremony.
  • During the event, India’s ceremonial message by the Prime Minister Shri Narendra Modi was conveyed by Sushri Shobha Karandlaje.

National Affairs – Daily Current Affairs December 07

15. Where is the first pet crematorium inaugurated?
A) Telangana
B) TamilNadu
C) Maharashtra
D) Punjab
E) None of these
Answer: A) Telangana

  • Telangana Municipal Administration and Urban Development Minister KT Rama Rao inaugurated the first pet crematorium in Hyderabad.
  • Ananta Yatra, the pet crematorium, was jointly executed by the Greater Hyderabad Municipal Corporation (GHMC) and People for Animals, an NGO working for animal welfare.
  • KTR inaugurated the crematorium in the presence of other government officials.
  • Amulya, the Chief Operating Officer (COO) of People for Animals said that the pet crematorium is called Ananta Yatra and People can come here with their dogs or inform us and our NGO will pick them up.


Capital: Hyderabad
CM: K Chandrashekar Rao
Governor: Tamilisai Soundararajan
Language : Telugu
National Park: Mrugavani National Par
Wildlife Sanctuary: Pakhal Lake And Wildlife Sanctuary
Ramsar Site : Bhitarkanika Mangroves
Tiger Reserve: Nagarjunsagar-Srisailam Tiger Reserve
Power Station: Singareni TPP
Dams: Pocharam Dam
RRB: Andhra Pradesh Grameena Vikas Bank & Telangana Grameena Bank (SBI)
UNESCO Site: Kakatiya Rudreshwara Temple

16. Which of the following ministry had launched the ‘Water Heroes: Share Your Stories’ contest?
A) Sports Ministry
B) Culture Ministry
C) Finance Ministry
D) Jal Shakti Ministry
E) None of these
Answer: D) Jal Shakti Ministry

  • The Department of Water Resources, River Development and Ganga Rejuvenation, Ministry of Jal Shakti has launched the’Water Heroes: Share Your Stories’ contest.
  • Till date, three editions of the contest have been launched on MyGov portal.
  • The 1st edition was launched from 01.09.2019 to 30.08.2020.
  • The 2nd edition was launched from 19.09.2020 to 31.08.2021.
  • The 3rd edition has been launched on 01.12.2021 and will end on 30.11.2022.
  • The objective of the contest is to promote value of water, in general, and for supporting country-wide efforts on water conservation and sustainable development of water resources.

Ministry of Jal Shakti:

UNION MINISTER : Shri Gajendra Singh Shekhawat (Jodhpur,Rajasthan)

Over All Review

Important Days

  • Armed Forces Flag Day being observed across country.
  • 7th December – International Civil Aviation Day.


  • Mirabai clinches silver at World Championship despite wrist pain.


  • Gautam Adani among three Indian billionaires on Forbes Asia Heroes of Philanthropy list.

Banking and Finance 

  • RBI hikes lending rate by 35 bps to 6.25 pc; home, auto loans to be expensive.
  • RBI lowers GDP growth projection to 6.8 for FY23.
  • RBI projects inflation to fall below 6 pc by Mar 2023.
  • NPCI to introduce ‘single-block-and-multiple debits’ functionality.
  • IDFC FIRST Bank, NASSCOM COE partner to grow the innovation ecosystem.
  • Senior citizens can earn up to 9.59% interest rate on this bank’s FD.
  • HDFC Bank hikes loan interest rates by up to 10 bps.

Books and Authors

  • HarperCollins is proud to announce the official autobiography of one of the greatest fast bowlers in the history of cricket.


  • Retired BPCL chairman Arun Kumar Singh appointed ONGC head.

International Affairs

  • FAO Opening Ceremony of International Year of Millets 2023 held in Rome, Italy.

National Affairs

  • Telangana minister KTR inaugurates first pet crematorium.


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