General Awareness ยท Banking Financial Awareness
Currencies and Exchange Rates
1,480 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
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Afghani
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Dinar
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Peso
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Shekel
A
Correct answer
Explanation
Afghanistan's official currency is the Afghan afghani, introduced in 1925 and replacing the Afghan rupee. The afghani is subdivided into 100 puls, although inflation has made puls virtually worthless. The currency has experienced significant devaluation due to political instability.
A
Correct answer
Explanation
Algeria uses the Algerian dinar as its official currency, abbreviated as DZD. The dinar was introduced in 1964, replacing the Algerian new franc at par. It's subdivided into 100 centimes, though centime coins are rarely used due to inflation. Many Arab countries use 'dinar' as their currency name.
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Kwanza
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Dollar
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Shekel
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Real
A
Correct answer
Explanation
Angola's official currency is the kwanza, abbreviated as AOA. Introduced in 1977 after independence from Portugal, it replaced the Angolan escudo. The kwanza is subdivided into 100 centimos, though inflation has made centimos virtually obsolete. The currency is named after the Kwanza River, Angola's longest river.
D
Correct answer
Explanation
Brazil's official currency is the Brazilian real, introduced in July 1994 as part of the Plano Real economic stabilization plan. It's subdivided into 100 centavos. The real successfully stabilized Brazil's economy after years of hyperinflation, replacing the cruzeiro real.
D
Correct answer
Explanation
Canada uses the Canadian dollar as its official currency, abbreviated as CAD. It's subdivided into 100 cents and is one of the world's most traded currencies. The Canadian dollar is often called the 'loonie' because of the loon bird depicted on the one-dollar coin.
B
Correct answer
Explanation
Japan's official currency is the yen, abbreviated as JPY. It's the third most traded currency in the foreign exchange market. The yen is subdivided into 100 sen, though sen coins haven't been used since 1953 due to inflation. The word 'yen' means 'circle' or 'round object' in Japanese.
A
Correct answer
Explanation
Australia uses the Australian dollar as its official currency, abbreviated as AUD. Introduced in 1966, it replaced the Australian pound. The dollar is subdivided into 100 cents and is the fifth most traded currency globally. Australian banknotes are made of polymer plastic, making them durable and difficult to counterfeit.
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Real
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Rupiah
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Shilling
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Taka
D
Correct answer
Explanation
Bangladesh uses the Taka (BDT) as its official currency. The other options are currencies of different countries: Real is Brazilian, Rupiah is Indonesian, and Shilling is used in several African countries like Kenya and Tanzania.
A
Correct answer
Explanation
Argentina uses the Peso (ARS) as its official currency. The Dollar is primarily US currency, Shekel is Israeli, and Real is Brazilian.
D
Correct answer
Explanation
Austria uses the Euro (EUR) as its official currency since adopting it in 2002, replacing the Schilling. Pound is British, Rial is used in Middle Eastern countries like Iran, and Shilling was Austria's old currency.
C
Correct answer
Explanation
Cuba uses the Peso (CUP) as its official currency. Pound is British, Ringgit is Malaysian, and Krone is used in Scandinavian countries like Norway and Denmark.
C
Correct answer
Explanation
Denmark uses the Krone (DKK) as its official currency. Denmark is an EU member but has retained its own currency instead of adopting the Euro. Rial is Middle Eastern, and Pound is British.
C
Correct answer
Explanation
Egypt uses the Pound (EGP) as its official currency, called the Egyptian Pound. Rial is used in Iran and some Arab countries, Ringgit is Malaysian, and Euro is European.
C
Correct answer
Explanation
Greece uses the Euro (EUR) as its official currency since adopting it in 2002, replacing the Drachma. Pound is British, Peso is Latin American, and Shekel is Israeli.
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Ringgit
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Rial
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Rupiah
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Shekel
C
Correct answer
Explanation
Indonesia uses the Rupiah (IDR) as its official currency. Ringgit is Malaysian, Rial is used in Iran and Yemen, and Shekel is Israeli.