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

Multiple choice
  1. Israel

  2. Malaysia

  3. Thailand

  4. Myanmar

Reveal answer Fill a bubble to check yourself
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.

Multiple choice
  1. Rupee

  2. Dollar

  3. Shilling

  4. Rupiah

Reveal answer Fill a bubble to check yourself
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.

Multiple choice
  1. Electronic money

  2. Virtual economy

  3. Alternative currency

  4. Private currency

  5. Complementary currency

Reveal answer Fill a bubble to check yourself
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,

Multiple choice
  1. Dinar

  2. Shekel

  3. Dong

  4. Kwacha

Reveal answer Fill a bubble to check yourself
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.