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
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Dollar
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Yen
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Ringgit
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Baht
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Rupee
D
Correct answer
Explanation
Thailand uses the Thai Baht (THB) as its official currency. The Baht is the correct answer among these options. Dollar is used by multiple countries including Singapore and Australia, Yen is Japanese, Ringgit is Malaysian, and Rupee is used by India and other South Asian countries.
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Dollar
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Yen
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Ringgit
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Baht
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Rupee
D
Correct answer
Explanation
Thailand uses the Thai Baht (THB) as its official currency. The Baht is the correct answer among these options. Dollar is used by multiple countries including Singapore and Australia, Yen is Japanese, Ringgit is Malaysian, and Rupee is used by India and other South Asian countries.
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Dollar
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Yen
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Ringgit
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Baht
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Rupee
E
Correct answer
Explanation
India uses the Indian Rupee (INR, symbol: ₹) as its official currency. The Rupee is the correct answer among these options. Dollar is used by multiple countries including Singapore and Australia, Yen is Japanese, Ringgit is Malaysian, and Baht is Thai.
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Dollar
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Yen
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Ringgit
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Baht
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Rupee
B
Correct answer
Explanation
Japan uses the Japanese Yen (JPY, symbol: ¥) as its official currency. The Yen is the correct answer among these options. Dollar is used by multiple countries including Singapore and Australia, Ringgit is Malaysian, Baht is Thai, and Rupee is used by India and other South Asian countries.
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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
D
Correct answer
Explanation
The ruble is the official currency of Russia. The dollar is used by the United States and other countries, the krona is Sweden's currency, the won is used in Korea, and the rupiah is Indonesia's currency.
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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
B
Correct answer
Explanation
The krona is Sweden's official currency. The dollar is primarily used by the United States, the won is Korea's currency, the ruble is Russia's currency, and the rupiah is Indonesia's currency.
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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
C
Correct answer
Explanation
The won is the currency used in both South Korea and North Korea. The dollar is American currency, the krona is Swedish, 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
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).