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

Multiple choice general knowledge

Guess the Currency of Cuba..

  1. Pound

  2. Ringgit

  3. Peso

  4. krone
Reveal answer Fill a bubble to check yourself
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.

Multiple choice general knowledge

Guess the Currency of Denmark..

  1. Euro

  2. Rial

  3. krone

  4. Pound
Reveal answer Fill a bubble to check yourself
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.

Multiple choice general knowledge

Guess the Currency of Egypt..

  1. Rial

  2. Ringgit

  3. Pound

  4. Euro
Reveal answer Fill a bubble to check yourself
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.

Multiple choice general knowledge

Guess the Currency of Greece..

  1. Pound

  2. Peso

  3. Euro

  4. Shekel
Reveal answer Fill a bubble to check yourself
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.

Multiple choice general knowledge

Guess the Currency of Iraq..

  1. Ringgit

  2. Dinar

  3. Shekel

  4. Shilling
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Iraq uses the Dinar (IQD) as its official currency. Ringgit is Malaysian, Shekel is Israeli, and Shilling is used in some African countries.

Multiple choice general knowledge

Guess the Currency of Israel..

  1. Rand

  2. Shekel

  3. Dirham

  4. Baht
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

To solve this question, the user needs to know the various currencies used in different countries of the world. The user must identify the currency used in Israel.

Now, let's go through each option and explain why it is right or wrong:

A. Rand: This option is incorrect because Rand is the currency used in South Africa, not Israel.

B. Shekel: This option is correct. The currency used in Israel is the Shekel. It is abbreviated as ILS (Israeli New Shekel) and is divided into 100 agorot.

C. Dirham: This option is incorrect because Dirham is the currency used in several countries, including the United Arab Emirates, Morocco, and Qatar. It is not the currency of Israel.

D. Baht: This option is incorrect because Baht is the currency used in Thailand, not Israel.

The Answer is: B (Shekel)

Multiple choice general knowledge

Guess the Currency of Jamaica..

  1. Baht

  2. Dollar

  3. Ringgit

  4. Shilling
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Jamaica uses the Dollar (JMD) as its official currency, called the Jamaican Dollar. Baht is Thai, Ringgit is Malaysian, and Shilling is used in some African countries.

Multiple choice general knowledge

Guess the Currency of Mexico…

  1. Peso

  2. Shekel

  3. Ringgit

  4. krone
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Mexico's official currency is the Mexican Peso (MXN). The Peso has been Mexico's currency since the 19th century. Shekel is used in Israel, Ringgit in Malaysia, and Krone in several Scandinavian countries like Norway and Denmark.

Multiple choice general knowledge

Guess the Currency of Nepal…

  1. Rupee

  2. Dong

  3. Baht

  4. Ringgit
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Nepal's official currency is the Nepalese Rupee (NPR). While India also uses the Rupee, Nepal has its own distinct version. Dong is Vietnam's currency, Baht is Thailand's currency, and Ringgit is Malaysia's currency.

Multiple choice general knowledge

Guess the Currency of North Korea…

  1. Peso

  2. Dong

  3. Baht

  4. Won
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

North Korea's official currency is the North Korean Won (KPW). South Korea also uses the Won, though they are separate currencies. Peso is used in Mexico and Philippines, Dong in Vietnam, and Baht in Thailand.

Multiple choice general knowledge

Guess the Currency of Norway…

  1. Peso

  2. Rouble

  3. Dong

  4. krone
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Norway uses the Norwegian krone (plural: kroner) as its official currency. The krone has been Norway's currency since 1875, replacing the Norwegian speciedaler. It is subdivided into 100 øre.

Multiple choice general knowledge

Guess the Currency of Qatar…

  1. Dinar

  2. Baht

  3. Ringgit

  4. Rial
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Qatar's official currency is the Qatari Rial (QAR). The Rial is used in several Middle Eastern countries. Dinar is used in Kuwait, Iraq, and Jordan, Baht is Thai, and Ringgit is Malaysian.

Multiple choice general knowledge

Guess the Currency of UAE…

  1. krone

  2. Dirham

  3. Baht

  4. Peso
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The United Arab Emirates' official currency is the UAE Dirham (AED). The Dirham is also used in Morocco. Krone is Scandinavian, Baht is Thai, and Peso is used in Latin American countries.