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
C
Correct answer
Explanation
The definite article 'the' is used because India has one official currency, the rupee, and it refers to a specific, known currency. 'A' or 'an' are indefinite articles used for non-specific items.
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France
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Iceland
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Ghana
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Italy
C
Correct answer
Explanation
Ghana's currency is called the cedi. One cedi is divided into 100 pesewas. The currency has been Ghana's official money since 1965, with reintroduction after periods of using other currencies. France uses the Euro, Iceland uses the krona, and Italy uses the Euro.
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Laos
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Mauritius
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Mexico
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None of these
C
Correct answer
Explanation
Mexico uses the currency called 'Peso', specifically referred to as the 'Mexican Peso' (MXN). In 1993, Mexico introduced the 'Nuevo Peso' (New Peso) to replace the old peso at a 1:1000 ratio due to hyperinflation. By 1996, the term 'Nuevo' was dropped, but 'New Peso' is still commonly understood as referring to the Mexican Peso system. Laos uses Kip, Mauritius uses Mauritian Rupee, making Mexico the correct answer among the options.
D
Correct answer
Explanation
Taiwan's official currency is the New Taiwan Dollar (TWD), commonly referred to simply as the 'Dollar'. Franc is used in France/Switzerland, Pound in the UK, and Dinar in several Middle Eastern countries. The dollar is the only correct option among the choices provided.
A
Correct answer
Explanation
The New Zealand Dollar (NZD) is the official currency of New Zealand. It was introduced in 1967, replacing the New Zealand pound. The dollar is divided into 100 cents and is one of the most traded currencies in the Asia-Pacific region.
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Thank You Sir.
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What’s the exchange rate of RMB to US dollar today?
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Do you have US dollars?
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None of these
B
Correct answer
Explanation
The manager is giving information about exchange rates.
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China
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Singapore
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South Korea
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Japan
A
Correct answer
Explanation
Yuan (CNY) is the official currency of the People's Republic of China. Singapore uses the dollar (SGD), South Korea uses the won (KRW), and Japan uses the yen (JPY).
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Mauritius
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Laos
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Mexico
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None of these
B
Correct answer
Explanation
The Kip is the official currency of Laos (Lao People's Democratic Republic). It is subdivided into 100 att and has been the country's currency since the 1950s.
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Dirham
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Dollar
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Pound
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Rouble
D
Correct answer
Explanation
The Soviet Union (USSR - Union of Soviet Socialist Republics) used the Ruble (also spelled Rouble) as its official currency until its dissolution in 1991. The Ruble was one of the world's oldest currencies, with history dating back centuries. Option D is correct.
B
Correct answer
Explanation
Zimbabwe's official currency is the Zimbabwean Dollar. The country experienced extreme hyperinflation in the 2000s, leading to the abandonment of its currency temporarily, but the Zimbabwean Dollar remains the official currency. Option B is correct.
B
Correct answer
Explanation
Qatar's official currency is the Qatari Riyal, abbreviated as QAR. The Riyal is divided into 100 dirhams. Qatar, being a wealthy Gulf nation, has a stable currency pegged to the US dollar. Option B is correct.