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
Jordan uses the Jordanian dinar (JOD) as its official currency. The dinar is subdivided into 10 dirhams, 100 qirsh, or 1000 fulus. It's one of the strongest currencies in the Middle East.
C
Correct answer
Explanation
Benin uses the West African CFA franc (XOF) as its currency. Benin is part of the West African Economic and Monetary Union, which shares this common currency pegged to the euro.
A
Correct answer
Explanation
Kuwait uses the Kuwaiti dinar (KWD) as its official currency. The Kuwaiti dinar is the world's highest-valued currency unit per face value and is subdivided into 1000 fils.
A
Correct answer
Explanation
Libya uses the Libyan dinar (LYD) as its official currency. The dinar is subdivided into 1000 dirhams, and it has been Libya's currency since the country gained independence.
C
Correct answer
Explanation
Cameroon (misspelled as 'Cameron' in the question) uses the Central African CFA franc (XAF) as its currency. Cameroon is part of the Central African Economic and Monetary Community.
A
Correct answer
Explanation
Algeria uses the Algerian dinar (DZD) as its official currency. The dinar is subdivided into 100 centimes, and it was introduced in 1964 to replace the Algerian new franc.
D
Correct answer
Explanation
Australia uses the Australian dollar (AUD) as its official currency. The dollar was adopted in 1966, replacing the Australian pound, and is one of the most traded currencies globally.
-
Israel
-
Malaysia
-
Thailand
-
Myanmar
D
Correct answer
Explanation
Kyat is the currency of Myanmar (formerly Burma). Israel uses the Shekel, Malaysia uses the Ringgit, and Thailand uses the Baht. Myanmar's currency system has evolved, but the Kyat remains its official monetary unit.
-
Rupee
-
Dollar
-
Shilling
-
Rupiah
D
Correct answer
Explanation
Indonesia uses the Rupiah (IDR) as its official currency. Rupee is used in India, Pakistan, and Sri Lanka; Dollar is used by the US, Australia, and others; Shilling is used in Kenya, Tanzania, and Uganda. Rupiah is specific to Indonesia.
-
Electronic money
-
Virtual economy
-
Alternative currency
-
Private currency
-
Complementary currency
B
Correct answer
Explanation
A virtual economy (or sometimes synthetic economy) is an emergent economy existing in a virtual persistent world, usually exchanging virtual goods in the context of an Internet game. People enter these virtual economies for recreation and entertainment rather than necessity,
-
Bitcoin
-
Electronic money
-
Scrip
-
Chiemgauer
-
PPCoin
C
Correct answer
Explanation
A client media player can begin playing the data (such as a movie) before the entire file has been transmitted.
B
Correct answer
Explanation
The Israeli new shekel (ILS) is the official currency of Israel. It is divided into 100 agorot. The shekel replaced the old Israeli shekel in 1986 at a ratio of 1000:1 due to hyperinflation. The currency is issued by the Bank of Israel and is used throughout Israel and the Palestinian territories.
-
Shekel
-
Rupee
-
Dollar
-
Kwacha
D
Correct answer
Explanation
The Zambian Kwacha is the official currency of Zambia. It was introduced in 1968 to replace the Zambian pound and has undergone several redenominations since then.
D
Correct answer
Explanation
The Dong is the official currency of Vietnam. It has been the country's currency since 1978 and is issued by the State Bank of Vietnam. One Dong is subdivided into 10 hao, though hao are no longer used.
D
Correct answer
Explanation
The Krona is the official currency of Sweden. It has been Sweden's currency since 1873 and is issued by the Swedish central bank, Sveriges Riksbank, which is the world's oldest central bank.