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
B
Correct answer
Explanation
The official currency of Vietnam is the đồng. The other options (Bong, Song, Long) are phonetic rhymes but do not represent any national currency.
C
Correct answer
Explanation
Spain's currency before adopting the Euro in 2002 was the Peseta. The Dinar is used in several Middle Eastern and North African countries, the Peso is used in many Latin American countries and the Philippines, and the Euro is Spain's current currency.
C
Correct answer
Explanation
The Bangladeshi Taka (BDT) is the official currency of Bangladesh. Euro is used in Europe, Yen in Japan, and Rupees in India, Pakistan, and other South Asian countries.
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Alternating current
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Alternate current
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Alternating curren
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Alternating currency
A
Correct answer
Explanation
AC stands for 'Alternating current' - the standard terminology in physics and electrical engineering. 'Alternate current' and 'Alternating curren' are grammatically or technically incorrect, while 'Alternating currency' is completely unrelated.
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Cedi
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Ghanian Dollar
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Bern
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Forint
A
Correct answer
Explanation
The Ghanaian cedi (GHS) is the official currency of Ghana. It was introduced in 1965 and has been revalued several times. Ghanian Dollar and Bern are not real currencies, while Forint is the currency of Hungary.
D
Correct answer
Explanation
The Lao kip (LAK) is the official currency of Laos. It has been the country's currency since 1952. Rial is used in several Middle Eastern countries, Lei is Romanian currency, and Dipr appears to be a misspelling or fictional currency.
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Ruppiah
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Dong
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New Dong
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Kwacha
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Mexican Dollar
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Peso
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Metical
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Meso
B
Correct answer
Explanation
The Mexican peso (MXN) is the official currency of Mexico. It was the first currency in the world to use the $ symbol and is one of the most traded currencies in Latin America. Mexican Dollar, Meso, and Metical are not official Mexican currencies.
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CFA Franc
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Ivorian
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kip
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DPA Franc
A
Correct answer
Explanation
The West African CFA franc (XOF) is the official currency of Ivory Coast (Côte d'Ivoire). It is shared by several West African countries and is guaranteed by the French Treasury. Ivorian, kip, and DPA Franc are not actual currencies.
B
Correct answer
Explanation
Thailand's currency is the Thai Baht (THB). The common misspellings 'Bahtt', 'Bhat', and 'Bhayt' are incorrect. The Thai Baht has been Thailand's official currency since 1897, replacing the former Thai Tical.
B
Correct answer
Explanation
This statement is marked as false, which is correct because exchange rates fluctuate constantly. While 1 euro might equal approximately 1.23 US dollars at a specific moment, this rate changes daily based on market forces. The statement presents it as a fixed, permanent conversion rate.
B
Correct answer
Explanation
At the time of India's independence in 1947, the Indian Rupee was pegged to the British Pound at a rate of 13.33 rupees to one pound, and the exchange rate with the US Dollar was roughly 3.3 rupees per USD, not 2 INR. Therefore, the statement is false.
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Valuable Coin
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Silver Coin
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Money
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Golden Coin
B
Correct answer
Explanation
The word 'rupee' is derived from the Sanskrit word 'rupya', which means 'wrought silver' or 'silver coin'. Historically, Indian rupees were silver coins, and the etymology reflects this. Option B (Silver Coin) is correct as it captures the meaning of 'rupya'.
A
Correct answer
Explanation
The amount on Indian currency notes is written in 17 languages total - 15 official Indian languages appearing in the language panel, plus Hindi and English which appear on the obverse and reverse sides. This includes Assamese, Bengali, Gujarati, Kannada, Kashmiri, Konkani, Malayalam, Marathi, Nepali, Odia, Punjabi, Sanskrit, Tamil, Telugu, and Urdu along with Hindi and English. Option A (17) is correct.
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100 and 200
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200 and 500
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500 and 1000
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1000 and 10
C
Correct answer
Explanation
Optically Variable Ink (OVI) is a special security feature that changes color when viewed from different angles. In the Mahatma Gandhi series, the 500 and 1000 rupee notes had their numerals printed in this ink as an anti-counterfeiting measure. The 100 and 200 notes didn't use OVI for numerals, and the 10 rupee note was too low denomination to warrant this feature.