General Awareness ยท 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
C
Correct answer
Explanation
Dirham is the official currency of Morocco. While several countries use the dirham (including UAE, Qatar, and others), Morocco is the only option listed where dirham is the currency.
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Latvian Lats
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American dollar
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Euro
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Kuwait Dinar
D
Correct answer
Explanation
The Kuwaiti Dinar (KWD) is the highest-valued currency in the world, consistently trading at around 3.25 USD per KWD. Kuwait's substantial oil reserves and stable economy contribute to its currency's strength. The Euro, US Dollar, and Latvian Lats (now replaced by Euro) have lower values relative to the Kuwaiti Dinar.
A
Correct answer
Explanation
Sri Lanka uses the Sri Lankan Rupee (LKR) as its official currency. The rupee is also used by other South Asian countries including India, Pakistan, Nepal, and Indonesia (as rupiah). Dinar is used in Middle Eastern countries, Dollar is a generic currency name used by many nations, and Franc is used in some African countries.
A
Correct answer
Explanation
The Turkish Lira (TRY) has been Turkey's official currency since the Ottoman Lira was replaced. In 2005, Turkey removed six zeros from the currency and introduced the 'New Turkish Lira', which reverted to 'Turkish Lira' in 2009. The other options are fictional currencies.
B
Correct answer
Explanation
Like most decimal currencies, the Australian dollar is divided into 100 cents. This is standard among countries using decimal currency systems - the dollar (or equivalent main unit) equals 100 smaller units (cents). The options 200, 1000, and 50 are all incorrect divisions of a dollar.
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Euro
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Thai Bhad
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Rupaiha
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Drachma
D
Correct answer
Explanation
Drachma was the official currency of Greece before the country adopted the Euro in 2001 (with physical Euro circulation starting in 2002). Greece was one of the original 12 countries to adopt the Euro. "Thai Bhad" and "Rupaiha" appear to be misspelled or fictitious names unrelated to Greek currency.
C
Correct answer
Explanation
The Shekel (also spelled Sheqel) is the official currency of Israel. While the spelling 'Shequel' in the question appears to be a variant, it clearly refers to the Israeli currency. Nairobi is a city, not a country, and neither Iran nor Iraq use the Shekel as their currency (Iran uses Rial, Iraq uses Dinar).
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Brazil
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Botswana
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Belgium
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Belarus
B
Correct answer
Explanation
The Pula is the currency of Botswana, introduced in 1976. It means 'rain' in Setswana, reflecting the importance of water in this semi-arid country. Brazil uses Real, Belgium uses Euro, and Belarus uses Ruble.
D
Correct answer
Explanation
Cyprus adopted the Euro as its official currency in 2008, replacing the Cypriot pound. Cyprus is a member of the European Union and uses the Euro like most other EU countries. The Ruble is Russian currency, Dollar is used by US and others, and Pound is used by UK and some others, but not Cyprus.
A
Correct answer
Explanation
China's currency is the Yuan (RMB). Yen is Japan's currency, Won is used in South Korea, and Dollar is used by multiple countries including USA, Australia, and Canada.
C
Correct answer
Explanation
Cape Verde's official currency is the Cape Verdean Escudo (CVE), which has been used since the country gained independence from Portugal in 1975. One escudo is subdivided into 100 centavos. The currency is issued by the Bank of Cape Verde and is pegged to the Euro.
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El Salvador
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Estonia
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Egypt
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Ethiopia
B
Correct answer
Explanation
Estonia used the kroon (kr) as its currency from 1992 until 2011, when it adopted the euro. The kroon was subdivided into 100 senti. None of the other listed countries (El Salvador uses USD, Egypt uses pound, Ethiopia uses birr) have ever used the kroon.
C
Correct answer
Explanation
Haiti's currency is the Haitian gourde (HTG), divided into 100 centimes. It has been Haiti's official currency since the 19th century. Rupee is used in India/Pakistan, Franc in multiple African countries, and Won in Korea - none are Haiti's currency.
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Singapore
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Malayasia
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Indonesia
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Myanmar
D
Correct answer
Explanation
The Kyat is the official currency of Myanmar (formerly Burma). Singapore uses the Dollar, Malaysia uses the Ringgit, and Indonesia uses the Rupiah. The Kyat has been Myanmar's currency since independence from Britain.
B
Correct answer
Explanation
The official currency of Mauritius is the Mauritian Rupee (MUR), not to be confused with the Indian Rupee. The country issues its own currency despite being a member of the Commonwealth. One Rupee is subdivided into 100 cents.