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
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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.
A
Correct answer
Explanation
Sweden's official currency is the Krona (plural: Kronor), which means 'crown' in Swedish. Despite being a European Union member, Sweden has not adopted the Euro and continues using the Krona. One Krona is divided into 100 ore. Option A is correct.
A
Correct answer
Explanation
Turkey's official currency is the Turkish Lira (TRY). Krona is used in Scandinavian countries like Sweden, Rand in South Africa, and Pound in the UK and former British territories.
A
Correct answer
Explanation
Sri Lanka's currency is the Sri Lankan Rupee (LKR). Panga is not a major currency, Rouble is used in Russia, and Taka is Bangladesh's currency.
A
Correct answer
Explanation
The official currency of Morocco is the Moroccan Dirham (MAD). The Dirham is subdivided into 100 centimes. Krone is used in Scandinavian countries (Denmark, Norway). Kina is the currency of Papua New Guinea. Sol (or Nuevo Sol) is the currency of Peru.
C
Correct answer
Explanation
Norway uses the Norwegian Krone (NOK). Kina is Papua New Guinea's currency, Zloty is Polish, and Rupee is used in South Asian countries.
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Ringgit
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Franc
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Yen
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Rufiyaa
D
Correct answer
Explanation
Maldives uses the Maldivian Rufiyaa (MVR). Ringgit is Malaysian, Franc is used in former French colonies, and Yen is Japan's currency.
D
Correct answer
Explanation
South Africa's currency is the South African Rand (ZAR). Pound is used in UK and some former colonies, Lira is historical Turkish currency, and Escudo is used in Cape Verde.
D
Correct answer
Explanation
Macao's currency is the Macanese Pataca (MOP). Guilder is Netherlands historical currency, Kina is Papua New Guinea's, and Sol is Peruvian.
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Dollar
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Franc
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Tugrik
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Dirham
C
Correct answer
Explanation
Mongolia uses the Mongolian Tugrik (MNT). Dollar is used in US and other countries, Franc in former French colonies, and Dirham in Arab countries.
D
Correct answer
Explanation
Panama uses the Panamanian Balboa (PAB) alongside the US Dollar. Lira is Turkish, Dinar is used in Arab countries, and Kina is Papua New Guinea's currency.
A
Correct answer
Explanation
Korea (South Korea) uses the Won (KRW). Lira is Turkish, Kip is Laotian, and Dinar is used in Arab countries.