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 Cuban Peso (CUP) is one of two official currencies used in Cuba, alongside the Convertible Peso. The peso has been Cuba's currency since the 19th century and is issued by the Central Bank of Cuba. Several Latin American countries use the peso, including Mexico, Argentina, Chile, and Colombia.
B
Correct answer
Explanation
Italy's currency was the Lira until 2002 when Italy adopted the Euro as part of the European Union's monetary union. The Ruble is Russia's currency, Taka is Bangladesh's currency, and 'Italia' was never the name of Italy's currency. The Lira (plural: Lire) had been Italy's currency for centuries.
B
Correct answer
Explanation
Option B is the odd one out. Dollar, pound, and franc are all currencies, while ounce is a unit of weight. Although some currencies historically derived from weights (pound sterling), ounce in modern usage is primarily a weight measurement, not a currency.
A
Correct answer
Explanation
This question tests knowledge about the Indian rupee's currency symbol. When the rupee got its distinct symbol in 2010, it became the fifth currency in the world to have a unique symbol, joining the US dollar, euro, pound sterling, and Japanese yen.
A
Correct answer
Explanation
The yen is the official currency of Japan. It's one of the most traded currencies in the world and is recognized by its symbol ¥. Rial is Middle Eastern, won is Korean, and krone is Scandinavian.
B
Correct answer
Explanation
The rand is South Africa's official currency, named after the Witwatersrand where Johannesburg was built. Real is Brazilian, baht is Thai, and shekel is Israeli.
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Singapore Dollar
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Srilankan rupee
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Vietnamese Dong
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Zimbabwean Dollar
C,D
Correct answer
Explanation
Vietnamese Dong and Zimbabwean Dollar are among the weakest currencies. Zimbabwe's currency became so devalued it was abandoned. Iran's Rial is also extremely weak. Options A and B are not among the weakest.
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Australian Dollars
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UK Pounds
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US Dollar
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Euro
A
Correct answer
Explanation
Australia uses the Australian Dollar (AUD) as its official currency. It is distinct from other major currencies like the US Dollar, UK Pound, or Euro, and is managed by the Reserve Bank of Australia.
A
Correct answer
Explanation
Russia's official currency is the Ruble (or Rouble), one of the world's oldest currencies still in use. The Peso is used in several Latin American countries, Rial in Middle Eastern nations like Iran, and Dollar refers to multiple countries' currencies (US, Canada, Australia, etc.).
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Iraq
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Iran
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Saudi Arabia
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Yemen
B
Correct answer
Explanation
Iran's official currency is the Rial. Iraq uses the Dinar, Saudi Arabia uses the Riyal, and Yemen uses the Rial as well but Iran is the most prominent country associated with this currency name in common knowledge.
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Rupee
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Taka
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Rupiah
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Ngultrum
D
Correct answer
Explanation
Bhutan's official currency is the Ngultrum, which is pegged to the Indian Rupee. The Rupee is used in India, Pakistan, and Nepal, Taka is Bangladesh's currency, and Rupiah is Indonesia's currency.
B
Correct answer
Explanation
Venezuela's official currency is the Bolivar, named after independence hero Simon Bolivar. The Peso is used in several Latin American countries, Sucre was Ecuador's former currency (now using USD), and Sol is Peru's currency.
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Belgium
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France
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Spain
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Italy
C
Correct answer
Explanation
Spain used the Peseta as its currency before adopting the Euro in 2002. Belgium used the Franc, France also used the Franc, and Italy used the Lira - all now part of the Eurozone.
D
Correct answer
Explanation
Italy's historical currency was the Lira before the country adopted the Euro in 2002. France used the Franc, Spain used the Peseta, and Pound is the UK's currency (still in use).
A
Correct answer
Explanation
South Africa's official currency is the Rand, named after the Witwatersrand where gold was discovered. The Dollar is used in multiple countries, Lira was Italy's historical currency, and Sucre was Ecuador's former currency.