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
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Krone
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CFA Franc
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Yuan/Renminbi
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Lek
A
Correct answer
Explanation
Denmark uses the Krone as its official currency, abbreviated as DKK. The Krone has been Denmark's currency since 1873, when it replaced the former Rigsdaler. The other options are currencies of different countries: CFA Franc is used in West African nations, Yuan/Renminbi is China's currency, and Lek is Albania's currency.
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Dinar
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Pound Sterling
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Ariary
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Tenge
C
Correct answer
Explanation
Madagascar uses the Ariary as its official currency, introduced in 2005 to replace the Malagasy Franc. The Ariary is subdivided into 5 iraimbilanja, making it one of only two currencies in the world with a non-decimal subdivision system. Dinar is used by several Middle Eastern and North African countries, Tenge is Kazakhstan's currency, and Pound Sterling is the UK's currency.
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Pound Sterling
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Tenge
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Ringgit
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Real
C
Correct answer
Explanation
Malaysia's official currency is the Ringgit (MYR), which replaced the Malayan Dollar at par in 1967. The Ringgit is subdivided into 100 sen. Tenge is Kazakhstan's currency, Real is Brazil's currency, and Pound Sterling is the UK's currency - none of which are used in Malaysia.
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Ariary
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US Dollar
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rufiyaa
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Lek
C
Correct answer
Explanation
The Maldivian rufiyaa (MVR) is the official currency of Maldives, issued by the Maldives Monetary Authority. It's subdivided into 100 laari. Ariary is Madagascar's currency, US Dollar is American currency, and Lek is Albania's currency.
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Koruna
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US Dollar
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Euro
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Pound Sterling
A
Correct answer
Explanation
The Czech Republic uses the Czech Koruna (CZK), managed by the Czech National Bank. The Koruna is subdivided into 100 haléřů, though haléř coins are no longer in circulation. Despite being a EU member, the Czech Republic has not adopted the Euro. US Dollar and Pound Sterling are currencies of USA and UK respectively.
B
Correct answer
Explanation
India's official currency is the Indian Rupee (INR), controlled by the Reserve Bank of India. The Rupee is subdivided into 100 paise. Shekel is Israel's currency, Taka is Bangladesh's currency, and Dinar is used by several Middle Eastern countries.
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Pound Sterling
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Rupiah
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Euro
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Yen
B
Correct answer
Explanation
Indonesia's official currency is the Rupiah (IDR), issued by Bank Indonesia. It's subdivided into 100 sen, though sen coins are no longer used due to hyperinflation. Pound Sterling is the UK's currency, Euro is used by 19 EU countries, and Yen is Japan's currency.
B
Correct answer
Explanation
Iran's official currency is the Rial (IRR), issued by the Central Bank of Iran. Due to historical inflation, Iranians commonly use the Toman (10 Rials) in colloquial speech, though it's not an official unit. Shekel is Israel's currency, Yen is Japan's currency, and Krone is used by Scandinavian countries.
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UAE Dirham
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Dinar/US Dollar
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Euro
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Gourde
B
Correct answer
Explanation
Iraq's official currency is the Iraqi Dinar (IQD), issued by the Central Bank of Iraq. The option 'Dinar/US Dollar' acknowledges that in practice, US Dollars are also widely used for larger transactions and international trade. UAE Dirham is used by United Arab Emirates, Euro is EU currency, and Gourde is Haiti's currency.
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US Dollar
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Shekel
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Euro
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Krone
B
Correct answer
Explanation
Israel's official currency is the Israeli New Shekel (ILS), issued by the Bank of Israel. It replaced the old Shekel in 1986 at a ratio of 1000:1 due to hyperinflation. US Dollar is American currency, Euro is EU currency, and Krone is used by Scandinavian countries.
B
Correct answer
Explanation
Kazakhstan's official currency is the Tenge (KZT), introduced in 1993 after the Soviet collapse. It's subdivided into 100 tiyn. Lek is Albania's currency, Taka is Bangladesh's currency, and Euro is used by EU member countries. The Tenge was chosen as it means 'money' or 'set of scales' in Kazakh and other Turkic languages.
B
Correct answer
Explanation
South Korea's official currency is the Won (KRW), issued by the Bank of Korea. The Won is subdivided into 100 jeon, though jeon are rarely used due to low value. Taka is Bangladesh's currency, Dirham is used by Arab countries, and Yen is Japan's currency - a frequently confused but different currency.
A
Correct answer
Explanation
Algeria's official currency is the Algerian Dinar (DZD), issued by the Bank of Algeria. It's subdivided into 100 santeem. Peso is used by Latin American countries, Lek is Albania's currency, and Real is Brazil's currency. The Dinar name derives from the Roman denarius and is shared with several other North African and Middle Eastern currencies.
A
Correct answer
Explanation
Argentina's official currency is the Peso, abbreviated as ARS. The Argentine Peso has undergone several transformations throughout Argentina's complex economic history, including multiple devaluations and currency crises. The other currencies belong to different nations: US Dollar (United States), Won (South Korea), and Yen (Japan).
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Australian Dollar
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Rupiah
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Dinar
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US Dollar
A
Correct answer
Explanation
Australia's official currency is the Australian Dollar (AUD), introduced in 1966 to replace the Australian Pound. It is one of the most traded currencies globally and is divided into 100 cents. The other options are currencies of different countries: Rupiah (Indonesia), Dinar (used in several Middle Eastern and North African countries), and US Dollar (United States).