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 Nepal is

  1. Nepalese rupee

  2. Taka

  3. Rupiah

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

The official currency of Nepal is the Nepalese rupee.

Multiple choice

Lira is the currency of

  1. Italy

  2. Myanmar

  3. Nigeria

  4. Norway

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The Lira was the official currency of Italy before it was replaced by the Euro in 2002.

Multiple choice

Ruble is the currency of

  1. china

  2. Poland

  3. Russia

  4. Korea

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The Russian Ruble is the official currency of the Russian Federation.

Multiple choice

Rand is the currency of

  1. Russia

  2. South Africa

  3. Oman

  4. Nepal

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The South African Rand is the official currency of South Africa.

Multiple choice

What is the currency of Mexico?

  1. Lira

  2. Peso

  3. Mexican dollars

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

The official currency of Mexico is the Mexican peso, which is denoted by the symbol $ or MXN.

Multiple choice

Name the currency of Brazil?

  1. Peseta

  2. Pula

  3. Kwanza

  4. Cruzeiro
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The current currency of Brazil is the Real. The Cruzeiro was a former currency of Brazil, but the question implies current status; however, given the options, Cruzeiro is the only Brazilian currency listed.

Multiple choice

The six-member Gulf Cooperation Council (GCC) plans to launch a Gulf Monetary Union and single currency in 2010. Which of the following statements are correct? I.          Qatar and Bahrain are the two countries in GCC that have declined to join the proposed Monetary Union II.         UAE, Oman, Kuwait and Saudi Arabia are the four GCC member countries who will form the proposed Monetary Union III.        Saudi Arabia's capital Riyadh will be the location of the central bank of the Monetary Union

  1. I and II only

  2. I and III only

  3. II and III only

  4. III only
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Kuwait, Saudi Arabia. Qatar and Bahrain signed an accord in June 2009 to create a joint monetary union council as a prelude to a Gulf central bank. The six-member Gulf Cooperation Council (GCC) agreed in 2001 to create a European Union-style shared currency which would help them integrate their economies and pursue a monetary policy independent of the US. Oman pulled out of the project in 2007 and the UAE withdrew earlier this year after the Saudi capital Riyadh was selected as the location for the future central bank.