General Awareness ยท 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
The official currency of Israel is the Israeli new shekel (ILS), commonly referred to simply as the shekel. It replaced the old shekel in 1986 at a ratio of 1,000:1 due to hyperinflation. The shekel is subdivided into 100 agorot and is issued by the Bank of Israel.
A
Correct answer
Explanation
South Africa's currency is the rand (ZAR), abbreviated as 'R'. The ruble is Russia's currency, rial is used in Iran and other Middle Eastern countries, and riel is Cambodia's currency.
-
euro
-
frankes
-
strling
-
franc
A
Correct answer
Explanation
France adopted the euro in 2002, replacing the French franc. The other options are incorrect: 'frankes' is a misspelling, 'strling' misspells 'sterling' (British), and 'franc' is France's old currency.
-
rupee
-
rufiyaa
-
rupiah
-
dollar
B
Correct answer
Explanation
Maldives uses the rufiyaa (MVR) as its currency. The rupee is used in India, Pakistan, and other South Asian countries, rupiah is Indonesia's currency, and dollar refers to the US or Australian dollar among others.
-
rufiyaa
-
dollar
-
markka
-
franc
C
Correct answer
Explanation
Finland used the markka (FIM) as its currency until 1999 when it adopted the euro. Rufiyaa is Maldives' currency, dollar refers to US/Australian currency, and franc is France/Switzerland's old currency.
-
rufiyaa
-
rupee
-
dollar
-
rupiah
D
Correct answer
Explanation
Indonesia's currency is the rupiah (IDR). Rufiyaa is Maldives' currency, rupee is used in India/Pakistan, and dollar is US/Australian currency. Indonesia is the largest economy using rupiah.
-
pound
-
sterling
-
pound sterling
-
uk dollar
C
Correct answer
Explanation
Great Britain's currency is the pound sterling (GBP). 'Pound' alone is incomplete, 'sterling' alone refers to the silver standard, and 'UK dollar' doesn't exist - the UK has never used a dollar.
-
Mexican peso
-
Mexican Dollar
-
Mexican Euro
-
None of the Above
A
Correct answer
Explanation
The Mexican peso (MXN) is Mexico's official currency. While 'Mexican Dollar' might seem plausible to some, Mexico has never used the dollar as official currency - it has always used the peso.
-
Libyan Dollar
-
Libyan dinar
-
Libyan Euro
-
None of the Above
B
Correct answer
Explanation
Libya's official currency is the Libyan dinar, which has been the country's monetary unit since 1971. It is subdivided into 100 dirhams. Libya has never used the dollar, euro, or any other foreign currency as its official tender.
-
Mauritian Dollar
-
Mauritian Euro
-
Mauritian rupee
-
Mauritian Dinar
C
Correct answer
Explanation
Mauritius uses the Mauritian rupee as its official currency, which has been in use since 1877. The rupee is subdivided into 100 cents. Mauritius has never used the dollar, euro, or dinar as its official currency.
-
Swiss Dollar
-
Swiss Euro
-
Swiss Pound
-
Swiss franc
D
Correct answer
Explanation
Switzerland uses the Swiss franc as its official currency, one of the few European countries not to adopt the euro. The Swiss franc is known for its stability and is subdivided into 100 centimes (Rappen in German-speaking areas).
-
Egyptian Pound
-
Egyptian Dollar
-
Egyptian Euro
-
Egyptian Franc
A
Correct answer
Explanation
Egypt's official currency is the Egyptian pound, which has been in use since 1834. It is subdivided into 100 piastres (qirsh) and 1,000 milliemes. Egypt has never used the dollar, euro, or franc as its official currency.
-
Albania
-
Afghanistan
-
Aruba
-
Algeria
C
Correct answer
Explanation
The currency symbol "Af" represents the Aruban Florin, the official currency of Aruba. Aruba is a constituent country of the Kingdom of the Netherlands located in the Caribbean. The florin is subdivided into 100 cents and has been Aruba's currency since 1986, replacing the Netherlands Antillean guilder.
-
Thailand
-
Bangladesh
-
Turkey
-
Kuwait
B
Correct answer
Explanation
The currency symbol "Tk" represents the Taka, which is the official currency of Bangladesh. The Bangladeshi Taka (BDT) is subdivided into 100 poisha and has been Bangladesh's currency since 1972, replacing the Pakistani rupee after independence.
-
Iraq
-
Yemen
-
Venezuela
-
China
D
Correct answer
Explanation
The currency symbol "Y" represents the Yuan (Renminbi), the official currency of the People's Republic of China. The symbol Y is used to denote the Yuan, which is the basic unit of the Renminbi. China uses this notation for its currency in international contexts and financial transactions.