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
B
Correct answer
Explanation
Paraguay uses the guarani (PYG), not the pound. The guarani has been Paraguay's currency since 1944, named after the indigenous Guarani people. The pound is used in the UK and some British territories.
A
Correct answer
Explanation
South Africa uses the South African rand (ZAR), so the statement is true. The rand was introduced in 1961 and is also used in the Common Monetary Area with Namibia, Lesotho, and Eswatini.
A
Correct answer
Explanation
Uganda uses the Ugandan shilling (UGX), so the statement is true. Uganda adopted the shilling in 1966, replacing the East African shilling. Kenya and Tanzania also use their own versions of the shilling.
D
Correct answer
Explanation
The United States dollar is the official currency of the US, established by the Coinage Act of 1792. The Euro is used by European Union countries, Yen is Japan's currency, and the Franc was historically used by France and Switzerland but not the US.
B
Correct answer
Explanation
The UEFA European Championship (Euro) is played every 4 years, typically in the even years between World Cup tournaments. The tournament began in 1960 and has maintained this quadrennial schedule, making option B correct. Options A, C, and D (3, 2, and 5 years) do not match the established 4-year cycle of the competition.
-
1 Rs. coin
-
5 Rs. coin
-
2 Rs. coin
-
50 ps. coin
A,B,C
Correct answer
Explanation
Saint Thiruvalluvar commemorative coins were released in 1995 in three denominations: 1 rupee, 2 rupees, and 5 rupees. These coins featured the Tamil sage/poet Thiruvalluvar. The 50 paise coin was not part of this commemorative series, as smaller denominations were phased out of special commemorative sets during this period.
-
Ethiopia
-
East Timor
-
Ecuador
-
Ghana
A
Correct answer
Explanation
Birr is the official currency of Ethiopia, introduced in 1945 and still in use today. East Timor uses the US Dollar, Ecuador uses the US Dollar, and Ghana uses the Cedi.
-
Anguilla
-
Belarus
-
Belize
-
Armenia
D
Correct answer
Explanation
The Dram is the official currency of Armenia, used since 1993 after the breakup of the Soviet Union. Anguilla uses East Caribbean dollar, Belarus uses Ruble, and Belize uses Belizean dollar.
-
Azerbaijan
-
Aruba
-
Anguilla
-
Belarus
A
Correct answer
Explanation
The Manat is the currency of Azerbaijan, introduced in 1992. Aruba uses Aruban Florin, Anguilla uses East Caribbean dollar, and Belarus uses Ruble.
-
Phillipines
-
Singapore
-
Cambodia
-
Comoros
C
Correct answer
Explanation
The Riel is the official currency of Cambodia, used since 1980. Philippines uses Peso, Singapore uses Singapore Dollar, and Comoros uses Comorian Franc.
-
Zambia
-
Zaire
-
Ghana
-
Nicaragua
C
Correct answer
Explanation
Ghana's currency is the Cedi (GHS). Zambia uses the Kwacha, Zaire (now Democratic Republic of Congo) uses the Congolese Franc, and Nicaragua uses the Cordoba.
-
Nigeria
-
Nauru
-
Niger
-
Norway
A
Correct answer
Explanation
Nigeria's currency is the Naira (NGN). Nauru uses the Australian dollar, Niger uses the West African CFA franc, and Norway uses the Krone.
-
Papua New Guinea
-
Indonesia
-
Fiji
-
Palau
A
Correct answer
Explanation
Papua New Guinea's currency is the Kina (PGK). Indonesia uses the Rupiah, Fiji uses the Dollar, and Palau uses the US dollar.
-
Portugal
-
Senegal
-
Romania
-
Sierra Leone
C
Correct answer
Explanation
Romania's currency is the Leu (RON). Portugal uses the Euro, Senegal uses the West African CFA franc, and Sierra Leone uses the Leone.
-
Sweden
-
Somalia
-
Ukraine
-
Tuvalu
A
Correct answer
Explanation
Sweden's currency is the Krona (SEK). Somalia uses the Shilling, Ukraine uses the Hryvnia, and Tuvalu uses the Australian dollar.