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
-
Armenia, Drams
-
Azerbaijan, New Manats
-
Bahamas, Dollars
-
Cayman Islands, Dollars
D
Correct answer
Explanation
KYD is the ISO currency code for the Cayman Islands Dollar, which is the official currency of the Cayman Islands, a British Overseas Territory in the Caribbean. The Cayman Islands Dollar is pegged to the US Dollar.
A
Correct answer
Explanation
Yen (or ¥) is the currency of Japan. China uses Yuan or Renminbi. Nepal uses Nepalese Rupee. Bhutan uses Ngultrum. The Yen symbol is recognized globally and Japan's currency is one of the most traded in foreign exchange markets.
-
Malaysian Ringitt
-
Malaysian Rupiah
-
Malaysian Ruble
-
Malaysian Dollar
A
Correct answer
Explanation
Malaysia's currency is the Malaysian Ringgit (plural: Ringgit), abbreviated as RM and with currency code MYR. The word "Ringgit" means "jagged" in Malay, historically referring to serrated silver coins.
B
Correct answer
Explanation
The official currency of Thailand is the Baht. The other options are currencies of different nations: Peso (Philippines and Mexico), Rupiah (Indonesia), and Ruble (Russia).
C
Correct answer
Explanation
The face value of Indian currency is written in 17 languages: 15 official languages listed in the 8th Schedule of the Constitution plus Hindi and English. This ensures accessibility across India's diverse population.
C
Correct answer
Explanation
The Guatemalan quetzal (GTQ) is the official currency of Guatemala, named after the resplendent quetzal bird, which is the national bird of Guatemala and holds cultural significance in Mayan culture. The currency replaced the Guatemalan peso in 1925 and features images of important Guatemalan historical figures and Mayan artifacts.
-
British Pounds
-
US Dollars
-
East Caribbean Dollars
-
Shilling
B
Correct answer
Explanation
The British Virgin Islands use the United States Dollar (USD) as their official currency, despite being a British Overseas Territory. This economic arrangement facilitates trade with their nearest large neighbor and major trading partner, the United States.
-
Peso
-
Gautemalan Dollar
-
Euro
-
Dinar
C
Correct answer
Explanation
Guadeloupe, as an overseas department of France, uses the Euro (EUR) as its official currency. This French Caribbean island follows French monetary policy despite its geographic location in the Caribbean region.
-
Puerto Rican Dollar
-
East Caribbean Dollar
-
Renminbi
-
US Dollar
D
Correct answer
Explanation
Puerto Rico is a U.S. territory and uses the United States Dollar (USD) as its official currency. It does not issue its own currency like independent nations.
-
Gautemalan Dollar
-
British Pounds
-
Quetzal
-
Pesos
C
Correct answer
Explanation
Guatemala's official currency is the Quetzal, named after the resplendent quetzal bird, which is also the national bird of Guatemala. The currency has been used since 1925.
-
Egyptian Pounds
-
Birr
-
Roubles
-
Taka
B
Correct answer
Explanation
Ethiopia's official currency is the Ethiopian Birr, which has been used since 1945. One Birr is subdivided into 100 cents. Egyptian Pounds are used in Egypt, Roubles in Russia, and Taka in Bangladesh.
-
Gambian Dollar
-
Dalasi
-
Shilling
-
Yen
B
Correct answer
Explanation
Gambia's official currency is the Dalasi, introduced in 1971 to replace the Gambian pound at par. One Dalasi is subdivided into 100 bututs. Other options belong to different countries: Dollar (various nations), Shilling (East Africa), Yen (Japan).
D
Correct answer
Explanation
Ghana's currency is the Ghanaian Cedi (with the pesewa as subunit). The Rand is South African currency, Baht is Thai, and Ringgit is Malaysian. Ghana introduced the Cedi in 1965 and reintroduced it in 2007 after revaluation.
-
Multi Common Exchange
-
Multi Commercial Exchange
-
Multi Currency Exchange
-
Multi Commodity Exchange
D
Correct answer
Explanation
MCX (Multi Commodity Exchange) is India's leading commodity derivatives exchange. It was established in 2003 and is based in Mumbai, trading in commodities like bullion, metals, energy, and agricultural products.
B
Correct answer
Explanation
The official currency of Mexico is the Mexican Peso (MXN). Baht is Thailand's currency, Lira was historically used in Italy and Turkey, and Dobra is Sao Tome and Principe's currency.