General Awareness · 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

Multiple choice

The currency of the Bangladesh is

  1. Yen

  2. Taka

  3. Lira

  4. Peso
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The Taka is the official currency of Bangladesh, introduced in 1972. The Yen is the currency of Japan, the Lira is used in Turkey, and the Peso is the currency of several countries in Latin America and the Philippines. Knowing national currencies is a common part of general knowledge studies.

Multiple choice

Which country has issued a 100-Billion-Dollar bank note in a bid to tackle cash shortages due to inflation?

  1. Congo

  2. Lebanon

  3. Zimbabwe

  4. Ghana
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Zimbabwe issued a 100 billion dollar bank note in July 2008 to cope with astronomical levels of hyperinflation. At that time, the country's economy was in crisis, and prices were doubling every few days. This note was part of a series of increasingly high denominations that eventually led to the currency being suspended.

Multiple choice

Zloty is the currency of

  1. Poland

  2. Iceland

  3. Iran

  4. Iraq
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The Zloty is the official currency of Poland. The other options use different currencies: Iceland uses the Krona, while Iran and Iraq use the Rial and Dinar, respectively.

Multiple choice

Euro is a common currency of

  1. USA

  2. 15 member countries of Europe

  3. 15 member countries of European Union and 9 other countries of the world 7 of them in Europe

  4. 15 member countries of European Union and 10 other countries of the world 8 of them in Europe
Reveal answer Fill a bubble to check yourself
C Correct answer
Multiple choice

Eurozone is the name given to

  1. a collection of European countries

  2. A group of member states of the European Union who accepted EURO as the common currency

  3. Eurpoean countries other than UK

  4. European countries bordering Russian Countries
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The Eurozone consists of the member states of the European Union that have adopted the Euro as their sole official currency.

Multiple choice

If the dolar rate is changed from Rs37.50 to Rs36.50 there is an

  1. Appreciation of the rupee

  2. Depreciation of the rupee

  3. Neither a Nor b

  4. None of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

When the amount of rupees required to buy one dollar decreases (from 37.50 to 36.50), the value of the rupee has increased relative to the dollar, which is called appreciation.