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 commerce sources of business finance - 2 gdrs, adrs and idrs depository receipts international sources

____ is a foreign currency denominated derivative instrument in the form of depository receipt created outside India and issued to non-resident investors.

  1. IDR

  2. SDR

  3. GDR

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

GDR is a foreign currency denominated derivative instrument in the form of depository receipt created outside India and issued to non-resident investors. GDR stands for Global Depository Receipt. It is a bank certificate issued in more than one country for shares in a foreign company.

Multiple choice maths tenths and hundredths more money decimal fractions in the units of currency, length, weight, capacity understanding tenth and hundredth part of a number

In British pounds, what is the positive difference between $200$ Canadian dollars and $200$ new Zealand dollars. Give your answer in pounds.

  1. $12$ pounds
  2. $30$ pounds
  3. $20$ pounds
  4. $4$ pounds
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

We have,

$200$ Canadian dollars and $200$ New Zealand dollars

Since,
$1\ Canadian\ dollars=0.61\ British\ Pound$

So,

$200\ Canadian\ dollars=122\ British\ Pound$

Since,
$1\ New\ Zealand\ dollars=0.51\ British\ Pound$

So,
$200\ Canadian\ dollars=102\ British\ Pound$

Therefore, the required difference
$=122-102=20\ pounds$

Hence, this is the answer.

Multiple choice maths tenths and hundredths more money decimal fractions in the units of currency, length, weight, capacity understanding tenth and hundredth part of a number

Convert $435$ into following currencies and find the greatest one.
(i) U.S. dollars  (ii) Euros  (iii) British pounds  (iv) Japanese yen

  1. (i)

  2. (ii)

  3. (iii)

  4. (iv)
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation
i)U.S. Dollar$=435\times 0.014=6.09$
ii)Euros$=4435\times 0.012=5.22$
iii)British Pounds$=435\times 0.011=4.785$
iv)Japanese Yen$=435\times 1.56=678.6$
Hence (iv) one is greatest.
Multiple choice geography trade trading and economic organisations india and her neighbours india and other countries

How many countries were members of the Eurozone when Euro coins and banknotes were first circulated on 1st January 2002?

  1. 12

  2. 15

  3. 18

  4. 20
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Portugal, Spain and The Netherlands. Denmark, the UK and Sweden did not adopt the Euro as their currency.

Multiple choice commerce nature and scope of foreign trade characteristics, necessity, importance, advantages and disadvantages of foreign trade importance, scope and benefits of international trade trading and economic organisations

Dollar and pound sterling are the commonly preferred currencies for international trade.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

U.S. Dollar Is the Global Currency. A global currency is one that is accepted for trade throughout the world. Some of the world's currencies are accepted for most international transactions. The most popular are the U.S. dollar, the euro, and the yen.

Multiple choice commerce nature and scope of foreign trade characteristics, necessity, importance, advantages and disadvantages of foreign trade importance, scope and benefits of international trade trading and economic organisations

The Dual Exchange Rate System was replaced by ___________.

  1. Exim Scrips

  2. EPCG licenses

  3. LERM

  4. Unified Exchange Rate System
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The Dual Exchange Rate System, which had a partial convertibility of the rupee, was replaced by the Unified Exchange Rate System in 1993.