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
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Pataca
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Ringgit
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Guilder
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Krone
A
Correct answer
Explanation
The Macanese Pataca is the official currency of Macau, a Special Administrative Region of China. Ringgit is Malaysian currency, Guilder was Dutch currency (now replaced by Euro), and Krone is used in Scandinavian countries.
D
Correct answer
Explanation
The Norwegian Krone is the official currency of Norway. Yen is Japanese, Franc is Swiss/French, and Lira was Turkish currency (now replaced by Lira). Krone (meaning 'crown') is also used in Denmark and similar names in other Scandinavian countries.
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Quetzal
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Kwacha
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Guarani
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Peso
B
Correct answer
Explanation
Zambia's currency is the Kwacha, which replaced the Zambian pound in 1968. Quetzal is Guatemala's currency, Guarani is Paraguay's, and Peso is used by multiple Latin American countries including Mexico and the Philippines.
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Dollar
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Markka
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Rupiah
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Rupee
C
Correct answer
Explanation
Indonesia's official currency is the Rupiah (IDR), introduced in 1946. Dollar is used by the US, Australia, and others; Markka was Finland's currency before the Euro; Rupee is used by India, Pakistan, and other South Asian countries.
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Colon
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Pound
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Boliviano
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Dollar
D
Correct answer
Explanation
Barbados uses the Barbadian Dollar (BBD), which has been pegged to the US Dollar since 1975. Colon is used in Costa Rica and El Salvador, Pound in the UK, and Boliviano in Bolivia.
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Dirham
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Rupee
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Lira
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Guilder
C
Correct answer
Explanation
Malta used the Maltese Lira as its national currency until adopting the Euro in 2008. The Lira was Malta's official currency for many years after gaining independence. Dirham is used by UAE and Morocco, Rupee by India and Pakistan, and Guilder was the currency of Netherlands.
A
Correct answer
Explanation
Mauritius uses the Mauritian Rupee (MUR) as its official currency since 1876. Franc is used by former French colonies in Africa; Krone in Scandinavian countries; Dinar in several Middle Eastern and North African nations.
D
Correct answer
Explanation
Panama uses the Panamanian Balboa (PAB), which is pegged to the US Dollar at a 1:1 ratio. CFA Franc is used in West and Central Africa; Kwacha in Zambia and Malawi; Pound in the UK and others.
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Ringet
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Rupee
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Rufiyaa
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Ruble
B
Correct answer
Explanation
The Sri Lankan Rupee (LKR) is the official currency of Sri Lanka, issued by the Central Bank of Sri Lanka. Several countries in the Indian subcontinent use currencies called 'rupee' - India, Pakistan, Nepal, and Sri Lanka all have rupee currencies. 'Rupee' is correctly identified as the answer.
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Euro
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Hungarian Forint
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Hungarian Dollar
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Pound Sterling
B
Correct answer
Explanation
Hungary uses the Hungarian Forint (HUF) as its official currency, not the Euro despite being an EU member. Hungary has not adopted the Euro and maintains its own currency. Pound Sterling is UK's currency and Hungarian Dollar doesn't exist.
C
Correct answer
Explanation
Norway's official currency is the Norwegian krone (plural: kroner), abbreviated as NOK. It has been Norway's currency since 1875. Yen is Japanese, dinar is used in several Middle Eastern countries, and rial is used in Iran and some other nations. The claimed answer C is correct.
B
Correct answer
Explanation
Korea uses the won as its currency. South Korea uses the South Korean won (KRW) and North Korea uses the North Korean won (KPW). The won has been the official currency of both nations since their division.
B
Correct answer
Explanation
Malaysia's currency is the ringgit (MYR), issued by Bank Negara Malaysia. It has been the country's official currency since 1967, when it replaced the Malaya and British Borneo dollar.
D
Correct answer
Explanation
Iran's official currency is the rial (IRR). It has been Iran's currency since 1932, issued by the Central Bank of Iran. The rial is subdivided into 100 dinars, though dinar coins are no longer used due to inflation.
A
Correct answer
Explanation
Myanmar's currency is the kyat (MMK), issued by the Central Bank of Myanmar. It has been the official currency since 1952, though it has undergone several revaluations and redenominations due to political and economic changes.