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

Multiple choice

Directions: Name the currency of the given country. Ethiopia

  1. Kroon

  2. Franc

  3. FCA

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

Birr is the official currency of Ethiopia. The Ethiopian birr (ETB) has been in use since 1945. Kroon was Estonia's currency before adopting the euro, Franc is used in multiple countries, and FCA is a misspelling of CFA Franc used in West Africa.

Multiple choice

Directions: Name the currency of the given country. Ei Salvador

  1. Pound

  2. US Dollar

  3. Nakfa

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

US Dollar is the official currency of El Salvador. El Salvador adopted the US dollar in 2001, replacing the colón. Pound is used in the UK and some Middle Eastern countries, Nakfa is Eritrea's currency, and Euro is European Union currency.

Multiple choice

Directions: Name the currency of the given country. Japan

  1. Euro

  2. Yean

  3. Dollar

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

Yen is the official currency of Japan. The Japanese yen (JPY) is one of the most traded currencies globally. Euro is European Union currency, Yean is a misspelling, and Dollar is used in the US and several other countries.

Multiple choice

Name the currency of Maldives.

  1. Rufiyaa

  2. Lira

  3. Shilling

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

The Maldivian Rufiyaa is the official currency of the Maldives. Lira is associated with Turkey/Italy, Shilling with East Africa, and Yen with Japan.

Multiple choice

The 'Badla' system is associated with which of the following?

  1. Foreign exchange

  2. Forward trading

  3. Currency exchange

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

The Badla system was a traditional Indian stock market mechanism that allowed for the carry-forward of transactions from one settlement period to the next, essentially facilitating forward trading.