General Awareness · 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
-
Zloty
-
Pesos
-
Balboa
-
Quetzal
C
Correct answer
Explanation
The Panamanian balboa (PAB) is the official currency of Panama, which circulates alongside the US dollar at a 1:1 fixed exchange rate.
B
Correct answer
Explanation
Andorra used the Spanish Peseta and French Franc jointly before adopting the Euro in 2002. The Peseta was Andorra's traditional currency due to its economic relationship with Spain, though it had no official currency of its own until the Euro.
-
Dollar
-
Dinar
-
Schilling
-
Guilder
-
Franc
-
Euro
-
Ngultrum
-
Dollar
A
Correct answer
Explanation
Burundi uses the Burundian Franc as its official currency. This is a straightforward fact about African currencies, where many former French and Belgian colonies use the Franc.
B
Correct answer
Explanation
Costa Rica uses the colón (plural: colones) as its official currency, named after Christopher Columbus. The other options are currencies from different countries: Krona (Sweden), Pound (UK), and Mark (Germany).
A
Correct answer
Explanation
Algeria uses the dinar as its official currency. Dirham is used in Morocco and UAE, Nakfa (not Nafka) is Eritrean, and Birr is Ethiopian.
-
Cedi
-
Drachma
-
Lempira
-
Dalasi
D
Correct answer
Explanation
Gambia uses the dalasi as its currency. Cedi is Ghanaian, Drachma is an obsolete Greek currency, and Lempira is Honduran.
B
Correct answer
Explanation
Kyrgyzstan uses the som as its currency. Kip is Laotian, Tenge is Kazakhstani, and Lita (Litas) was Lithuanian before euro adoption.
C
Correct answer
Explanation
Mongolia uses the tugrik as its currency. Leu is Romanian/Moldovan, Kyat is Burmese, and Pataca is Macanese.
D
Correct answer
Explanation
Nigeria uses the naira as its currency. Rial is used in Iran and Yemen, Guarani is Paraguayan, and Leu is Romanian.
B
Correct answer
Explanation
Zambia uses the kwacha as its currency, also shared with Malawi. Vatu is Vanuatu's, Tala is Samoan, and Bolivar is Venezuelan.
-
Taiwan Work Dollar
-
Thialand Dollar
-
Taiwan Dollar
-
True Work Deed
C
Correct answer
Explanation
TWD is the ISO currency code for the Taiwan Dollar, the official currency of Taiwan. Currency abbreviations typically follow the country name plus currency unit format. 'Thialand' is a misspelling of Thailand, and 'Work'/'Deed' don't fit currency naming conventions.
-
100 dollar bill
-
50 dollar bill
-
5 dollar bill
-
1 dollar
C
Correct answer
Explanation
Abraham Lincoln's portrait appears on the United States five-dollar bill. The five-dollar bill has featured Lincoln's portrait since 1914, making him one of the most recognizable figures on U.S. currency. The other denominations feature different historical figures.
-
$ 10 billlion
-
$ 1 trillion
-
$ 10 trillion
-
$ 50 billion
B
Correct answer
Explanation
During the 2010-2012 Eurozone crisis, the combined bailout packages totaled approximately 1 trillion Euro. The \$1 trillion figure (option B) represents this scale. The other options are either too small (\$10 billion, \$50 billion) or too large (\$10 trillion) relative to the actual crisis measures.