Most of the time,small signal silicon diodes & transistor junctions do have approx 0.7 v drop.
Some books quote 0.6v.,others 0.5v.
It's an approximation that works most of the time,so that,if you are troubleshooting a circuit,you can usually read something close
to that value across silicon semiconductor junctions.
For germanium junctions ,it is 0.2v!