General Awareness · Banking Financial Awareness
Currencies and Exchange Rates
1,506 Questions
Knowledge of global currencies and exchange rates is vital for general awareness sections in banking and civil service exams. Topics include identifying the official currencies of various countries and understanding digital currency types. Use this collection to quickly memorize international currency symbols.
Country currency identificationDigital currency typesCurrency exchange tipsGlobal currency symbols
Currencies and Exchange Rates Questions
C
Correct answer
Explanation
Argentina's currency is the Argentine Peso (ARS), introduced in 1992 replacing the austral. The peso has undergone significant devaluations and multiple revaluations throughout Argentina's economic crises. Distractors: Lek (Albania), Manat (Azerbaijan), Marka (old Polish currency).
D
Correct answer
Explanation
Ngultrum is the official currency of Bhutan, introduced in 1974. It's pegged to the Indian rupee at par. The other options are currencies of different countries: peso (Philippines/Mexico), kina (Papua New Guinea), and Pula (Botswana).
B
Correct answer
Explanation
Yuan (CNY) is the official currency of the People's Republic of China. It's one of the world's major reserve currencies. The other options belong to different countries: Lev (Bulgaria), Kuna (Croatia), and Koruna (Czech Republic).
A
Correct answer
Explanation
Krone (plural: kroner) is the official currency of Denmark. It's also used in Norway and Iceland with slight variations. The other options are: kroon (Estonia, now replaced by euro), Birr (Ethiopia), and Riel (Cambodia).
B
Correct answer
Explanation
Birr is the official currency of Ethiopia, introduced in 1945. The other options are currencies of different countries: lari (Georgia), Dalasi (Gambia), and Cedi (Ghana).
A
Correct answer
Explanation
Finland adopted the Euro as its official currency in 2002 when it joined the Eurozone. Previously, Finland used the Markka. Nakfa is Eritrea's currency, Lev is Bulgaria's currency, and Kuna was Croatia's currency before they adopted the Euro in 2023.
C
Correct answer
Explanation
The official currency of North Macedonia is the Denar. Kwacha is used in Zambia and Malawi, Litas was Lithuania's currency before adopting the Euro, and Lats was Latvia's currency before they adopted the Euro. The question refers to Macedonia by its older name rather than its current official name "North Macedonia".
A
Correct answer
Explanation
Malaysia's currency is the Malaysian Ringgit (MYR), denoted as RM. Ringgit has been Malaysia's official currency since 1967. Maluti is Lesotho's currency, Tenge is Kazakhstan's currency, and Som is the currency of several Central Asian countries like Kyrgyzstan and Uzbekistan.
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Leu
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Tugrik
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CFA Franc
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Naira
D
Correct answer
Explanation
Nigeria's currency is the Naira (NGN), introduced in 1973 to replace the Nigerian pound. Leu is Romania's currency, Tugrik is Mongolia's currency, and CFA Franc is used by several West and Central African nations but not Nigeria.
B
Correct answer
Explanation
Poland's currency is the Zloty (PLN), which means 'golden' in Polish. Kina is Papua New Guinea's currency, Naira is Nigeria's currency, and Gurani (Gourde) is Haiti's currency. Poland has used Zloty for centuries, with the modern version reintroduced in 1924.
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Yen
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Pound
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Manticore
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Drachma
D
Correct answer
Explanation
The drachma was Greece's official currency from ancient times until 2001 when Greece adopted the Euro. Modern Greek drachmas were used from 1832 until their replacement by the euro in 2002. The yen is Japan's currency, pound refers to British or other currencies, and Manticore is a mythical creature, not a currency.
B
Correct answer
Explanation
The Naira is the official currency of Nigeria, introduced in 1973. Rial is used by several Middle Eastern countries, Tugrik is Mongolia's currency, and Balboa is Panama's currency. Nigeria's Naira is abbreviated as ₦ and is subdivided into kobo.
D
Correct answer
Explanation
Tajikistan uses the somoni (TJS) as its currency, named after the founder of the Samanid dynasty. The krona is Swedish/Icelandic, manat is Azerbaijani/Turkmen, and vatu is Vanuatu's currency.
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pataca
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ringgit
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kwacha
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leu
C
Correct answer
Explanation
Malawi uses the kwacha (MWK) as its currency. The pataca is Macau's currency, ringgit is Malaysian, and leu is Romanian/Moldovan. 'Kwacha' means 'dawn' in Chewa, symbolizing a new era.