General Awareness ยท 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
A
Correct answer
Explanation
Seychelles uses the Seychellois rupee (SCR), so the statement is correct. The rupee is also used by other countries like India, Pakistan, and Sri Lanka, but Seychelles has its own version.
A
Correct answer
Explanation
Somalia uses the Somali shilling (SOS), so the statement is true. Despite political instability, the shilling remains Somalia's official currency since independence.
A
Correct answer
Explanation
Yugoslavia used the Yugoslav dinar when it existed. However, Yugoslavia dissolved in the 1990s and no longer exists as a country. Each successor state now has its own currency (Serbia uses the Serbian dinar).
A
Correct answer
Explanation
Qatar uses the Qatari riyal (QAR), so the statement is correct. The riyal is pegged to the US dollar and has been Qatar's currency since 1966.
A
Correct answer
Explanation
Peru uses the Peruvian sol (PEN), so the statement is true. The sol replaced the inti in 1991 during Peru's economic reform. It's commonly called the nuevo sol or simply sol.
A
Correct answer
Explanation
Russia uses the Russian ruble (RUB), so the statement is correct. The ruble has been Russia's currency for centuries, surviving the Soviet collapse and modern economic crises.
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.
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1 Rs. coin
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5 Rs. coin
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2 Rs. coin
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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.
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Ethiopia
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East Timor
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Ecuador
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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.
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Anguilla
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Belarus
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Belize
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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.
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Azerbaijan
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Aruba
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Anguilla
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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.