General Awareness · Banking Financial Awareness
Currencies and Exchange Rates
1,506 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
-
Iraq
-
Iran
-
Saudi Arabia
-
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.
-
Rupee
-
Taka
-
Rupiah
-
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.
-
Belgium
-
France
-
Spain
-
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.
D
Correct answer
Explanation
Bangladesh's official currency is the Taka. The Rupee is used in India, Pakistan, and Nepal, Rupiah is Indonesia's currency, and Peso is used in several Latin American countries.
-
Dollar
-
Gilder
-
Pound
-
Ruble
B
Correct answer
Explanation
The Netherlands (Holland) historically used the Guilder (or Gulden) before adopting the Euro in 2002. The Dollar is used in multiple countries, Pound is the UK's currency, and Ruble is Russia's currency.
C
Correct answer
Explanation
Malaysia's official currency is the Ringgit (option spells it 'Ringgitt' - minor variant). The Taka is Bangladesh's currency, Birr is Ethiopia's currency, and Yen is Japan's currency.
A
Correct answer
Explanation
The Barbadian Dollar (BBD) is the official currency of Barbados, pegged to the US Dollar at a fixed rate since 1975. It has been the country's sole legal tender since 1973, replacing the Eastern Caribbean dollar.
B
Correct answer
Explanation
Greece uses the Euro (€), not the pound. Greece adopted the Euro in 2001, replacing the drachma. The pound is used in the UK and some other countries, but never in Greece.
B
Correct answer
Explanation
Libya uses the Libyan dinar, not dirham. Dirham is the currency of Morocco and the United Arab Emirates, while Libya's currency has been the dinar since 1971.
B
Correct answer
Explanation
Mexico uses the Mexican peso, not kyat. The kyat is the currency of Myanmar in Southeast Asia. Mexico has used the peso for centuries, symbolized as $ or MXN.