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
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Dollar
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Krona
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Won
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Ruble
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Rupiah
A
Correct answer
Explanation
Taiwan uses the New Taiwan Dollar as its official currency. The krona is Swedish, the won is Korean, the ruble is Russian, and the rupiah is Indonesian.
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Dollar
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Krona
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Won
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Ruble
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Rupiah
E
Correct answer
Explanation
The rupiah is Indonesia's official currency. The dollar is used by the United States and Taiwan, the krona is Swedish, the won is Korean, and the ruble is Russian.
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Singapore Rupiah
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Singapore Rupee
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Singapore Dollar
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Singapore Cents
C
Correct answer
Explanation
Singapore uses the Singapore Dollar (SGD) as its official currency, not Rupiah or Rupee which are used by other Asian countries. Singapore Cents are smaller units, not the main currency.
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Dollar
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Ringgit
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Rupees
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Riyals
B
Correct answer
Explanation
Malaysia's currency is the Ringgit Malaysia (RM), abbreviated as MYR internationally. It was introduced in 1967, replacing the Malaya and British Borneo dollar. The Ringgit is divided into 100 sen, and its value has been pegged to the US dollar at various times in history. Unlike many neighboring countries, Malaysia does not use dollars or rupees.
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Carbon Credit
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Platinum coins
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Special Drawing Rights (SDR)
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Euro
C
Correct answer
Explanation
Special Drawing Rights (SDRs) are international reserve assets created by the IMF to supplement member countries' official reserves. They were proposed as an alternative to the US dollar as a global reserve currency. SDRs are used in international aviation and shipping conventions to limit liability.
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Perpetual Union Treaty
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Maastricht Treaty
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Golden Bull Treaty
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Mayflower Treaty
B
Correct answer
Explanation
The Maastricht Treaty, signed in 1992, created the European Union and established the framework for the euro currency. The treaty set criteria for countries to join the eurozone and led to the creation of the European Central Bank.
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Deutsche Mark
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Guilders
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Escudo
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Kroner
B
Correct answer
Explanation
The Dutch guilder (NLG) was the official currency of the Netherlands before the country adopted the Euro in 2002. Deutsche Mark was German, Escudo was Portuguese, and Kroner is used in Scandinavian countries.
A
Correct answer
Explanation
Albania's official currency is the Lek (plural: Lekë). It has been Albania's currency since 1926, named after Alexander the Great (Lekë in Albanian). The other options are currencies of other countries: Peso (multiple Latin American nations), Manat (Azerbaijan, Turkmenistan), and Taka (Bangladesh).
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Dram
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Peso
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Dinar
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Boliviano
C
Correct answer
Explanation
Algeria's currency is the Dinar (specifically the Algerian Dinar, code: DZD). The Dinar is used by several Arab countries, and Algeria has been using it since 1964. The other options belong to different countries: Dram (Armenia), Peso (various Latin American nations), and Boliviano (Bolivia).
A
Correct answer
Explanation
Eritrea's currency is the Nakfa (code: ERN), introduced in 1997 and named after the town of Nakfa where Eritreian fighters held out during the war of independence. The other options: Peso (multiple countries), Manat (Azerbaijan, Turkmenistan), Riel (Cambodia).
A
Correct answer
Explanation
Bulgaria's currency is the Lev (plural: Leva), divided into 100 stotinki. Despite being an EU member since 2007, Bulgaria maintains its own currency and has not adopted the Euro yet.
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Guaraní
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Peso
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Dalasi
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Naira
C
Correct answer
Explanation
Gambia uses the Dalasi (GMD), its official currency since 1971 when it replaced the Gambian pound. The Guaraní is Paraguayan, Peso is used by multiple Latin American countries, and Naira is Nigerian.
D
Correct answer
Explanation
Hungary's currency is the Forint (HUF), introduced in 1946 to address hyperinflation. Hungary is an EU member but has not adopted the Euro, maintaining its own currency.
C
Correct answer
Explanation
Monaco uses the Euro (EUR) despite not being an EU member, through a special monetary agreement with France and the EU. Option B 'Frank' is misspelled - the correct spelling is 'Franc' (Swiss/French currency).
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Dollar
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Dirham
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Euro
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Hryvna
B
Correct answer
Explanation
Morocco's currency is the Dirham (MAD), divided into 100 santimat. Several countries use Dirham - Morocco and the UAE (though they're different currencies with the same name).