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
B
Correct answer
Explanation
The United Kingdom uses the pound sterling (symbol: £) as its official currency. It is the oldest currency in continuous use and is subdivided into 100 pence.
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krone
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Euro
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Shekel
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Ringgit
B
Correct answer
Explanation
Vatican City uses the Euro as its official currency despite being an independent city-state, as it is located within Rome and has adopted the Euro through agreement with Italy and the European Union. Krone is used in Norway, Shekel in Israel, and Ringgit in Malaysia.
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Baht
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Dong
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Ringgit
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Shilling
B
Correct answer
Explanation
Vietnam's official currency is the Vietnamese Dong. Baht is the currency of Thailand, Ringgit is used in Malaysia, and Shilling is used in several African countries including Kenya and Tanzania.
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Shilling
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Shekel
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Ringgit
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krone
A
Correct answer
Explanation
Kenya uses the Kenyan Shilling as its official currency, shared with several other East African countries. Shekel is the currency of Israel, Ringgit is Malaysian, and krone is used in Nordic countries.
A
Correct answer
Explanation
Malaysia's currency is the Ringgit, which was historically called the Malaysian Dollar. Peso is used in Philippines and Latin American countries, Rouble is Russian currency, and Dong is Vietnamese.
C
Correct answer
Explanation
South Korea uses the Won as its official currency. Peso is the currency of the Philippines and Latin American countries, krone is used in Nordic countries, and Baht is Thai currency.
C
Correct answer
Explanation
Switzerland is not in the European Union and maintains its own currency, the Swiss Franc, known for its stability. Euro is used by EU countries, Rial is used in Middle Eastern countries, and Pound is British currency.
C
Correct answer
Explanation
Thailand's official currency is the Baht, one of the strongest currencies in Southeast Asia. Rouble is Russian, Dong is Vietnamese, and Peso is Philippine currency.
D
Correct answer
Explanation
Russia uses the Ruble (sometimes spelled Rouble) as its official currency. Peso is used in Philippines and Latin America, Pound is British currency, and krone is Nordic.
C
Correct answer
Explanation
South Africa's currency is the Rand, named after the Witwatersrand ridge where Johannesburg's gold was discovered. Pound is British, krone is Nordic, and Peso is Philippine/Latin American.
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Egypt
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Zimbabwe
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Zaire
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Congo
C
Correct answer
Explanation
Zaire was an African country whose currency was also called the Zaire, making them share the exact same name. Egypt uses the Pound, Zimbabwe used the Dollar, Congo uses the Franc. Zaire is now the Democratic Republic of Congo but the currency name matched the country name.
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Egypt
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Zimbabwe
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Zaire
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Congo
C
Correct answer
Explanation
Zaire (now the Democratic Republic of Congo) was an African country whose currency was also called the Zaire. This was a case where the country and its currency shared the same name. The other options listed (Egypt, Zimbabwe, Congo) do not have currencies with the same name as the country.
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Siao
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Beigingi
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Renminbi
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Guajhou
C
Correct answer
Explanation
The Chinese currency is officially called the Renminbi, which means 'people's currency' in Mandarin. Yuan is the unit of account, similar to how 'sterling' is the currency and 'pound' is the unit in the UK system.
B
Correct answer
Explanation
The Pula is the official currency of Botswana, introduced in 1976 replacing the South African Rand. Franc is used in French-speaking African countries, Pound in British Commonwealth nations, and Peso in Spanish-speaking Latin American countries.
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Colon
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Krone
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Lempira
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Dollar
C
Correct answer
Explanation
The Lempira is the official currency of Honduras, named after a 16th-century indigenous leader who resisted Spanish conquest. Colon is used in Costa Rica and El Salvador, Krone in Scandinavian countries, and Dollar is the US currency and some others.