Prakhar Gupta has 4+ years of experience in Content Marketing Field. 

Content Marketing Specialist

Currency-related questions are essential for a variety of competitive tests. These questions are simple to answer and rewarding. You must be aware of the the latest news in order to answer these questions. You can begin after you&#39;ve read about it.

With a little practice, you&#39;ll be able to answer these General Awareness questions with ease. So we&#39;ve included ten questions about Currencies for you to practice with. Each of these questions should take not more than a minute to answer. 
 

<h2>Questions on Currencies</h2>

 
You can also download the questions and answers pdf. Just click on the Download PDF button. So let&#39;s start with the first question.

Q:1 Which among the following country&#39;s currency is Euro?

1. UAE

2. Maldives

3. France

4. Australia

(Difficulty: 1, Estimated Time: 10 Seconds) Let us start off with an easy question.

Q:2 Pound Sterling is the official currency of the United Kingdom. It is also used in how many associate territories of United Kingdom?

1. 9

2. 7

3. 10

4. 8

(Difficulty: 3, Estimated Time: 20 Seconds) This one&#39;s a bit difficult.

Q:3 The dinar is the principal currency used in several countries. Which of the following statement is true about dinar?

1. As of 2023, the Kuwaiti dinar is the currency with the highest value per base unit.

2. Eight countries currently use dinar as their official currency.

3. The currency dinar was introduced in 1961.

4. All of the above

(Difficulty: 3, Estimated Time: 20 Seconds) Read the options thoroghly to answer this question.

Q:4 The currency of United States is US Dollar. Which of the following Acts introduced the US Dollar?

1. The Coinage Act, 1970

2. The Coinage Act, 1971

3. The Coinage Act, 1972

4. The Coinage Act, 1973

(Difficulty: 2, Estimated Time: 15 Seconds) This is a bit tricky.

Q:5 Which of the following is the currency of Armenia?

1. Euro

2. Real

3. Dram

4. Manat

(Difficulty: 2, Estimated Time: 15 Seconds) You can do this one.

Q:6 Which among the following is the currency of the United Arab Emirates?

1. Dirham

2. Won

3. Rial

4. Yen

(Difficulty: 1, Estimated Time: 10 Seconds) This one&#39;s easy too.

Q:7 What is the currency of Argentina?

1. Argentine dollar

2. Argentine peso

3. Argentine Real

4. Argentine Taka

(Difficulty: 2, Estimated Time: 15 Seconds) Do you know about Agentina&#39;s currency?

Q:8 What is the currency of Eritrea?

1. Franc

2. Kuna

3. Nakfa

4. Peso

(Difficulty: 3, Estimated Time: 20 Seconds) Have you read about this country?

Q:9 What is the currency of South Africa?

1. Franc

2. Krona

3. Pound

4. Rand

(Difficulty: 2, Estimated Time: 15 Seconds) This isn&#39;t difficult. Try to get it right.

Q:10 What is the currency of Vietnam?

1. Dollar

2. Peso

3. Dong

4. Euro

(Difficulty: 1, Estimated Time: 10 Seconds) Let&#39;s end with an easy one too.

<img loading="lazy" alt="Currencies" src="https://study.kdcampus.live/admin/assets/uploads/ckeditor/Currencies.webp" style="height:200px; width:400px" />

[Image Source: The Economic Times]

<h2>Answer Key</h2>

Let&#39;s have a look at your score.

<table border="0" cellpadding="1" cellspacing="1">
	<tbody>
		<tr>
			<td>1. (3)</td>
			<td>2. (1)</td>
			<td>3. (4)</td>
			<td>4. (3)</td>
			<td>5. (3)</td>
		</tr>
		<tr>
			<td>6. (1)</td>
			<td>7. (2)</td>
			<td>8. (3)</td>
			<td>9. (4)</td>
			<td>10. (3)</td>
		</tr>
	</tbody>
</table>

Comment below your score, considering each question has 1 mark only. If you scored 8 to 10, congratulations! You are one step closer to selection. If you have scored 5 to 8 marks, then you are doing well, keep it up. If you have scored less than 5 marks then you need to work a little harder on this subject. But don&#39;t worry, we are here to help you master the subject.

Let&#39;s check the answers and solutions and try to find out what went wrong.

 

<h2>Answers and Solutions</h2>

 
Q:1 The correct answer is Option 3 i.e. France

France&#39;s capital is Paris and its currency is Euro.

More Info About Options:

<table border="1" cellpadding="1" cellspacing="1" style="width:300px">
	<tbody>
		<tr>
			<td>Country</td>
			<td>Capital</td>
			<td>Currency</td>
		</tr>
		<tr>
			<td>UAE</td>
			<td> Abu Dhabi</td>
			<td>Dinar/Dhiram</td>
		</tr>
		<tr>
			<td>Maldives</td>
			<td>Male</td>
			<td>Rupee</td>
		</tr>
		<tr>
			<td>Australia</td>
			<td> Canberra</td>
			<td>Dollar</td>
		</tr>
	</tbody>
</table>

 

Q:2 The correct answer is Option 1 i.e. 9

The pound is the main unit of sterling.

Sterling  or GBP is the official currency of the United Kingdom and nine of its associate territories.

It is currently the fourth most-traded currency in the foreign exchange market, after the United States Dollar, the euro, and the <a href="https://en.wikipedia.org/wiki/Japanese_yen" title="Japanese yen">J</a>apanese yen.

It is the world&#39;s oldest currency that is still in use.

 

Q:3 The correct answer is Option 4 i.e. All of the above

The dinar was introduced in 1961 to replace the Gulf Rupee, equal to the Indian Rupee.

It was initially equivalent to £1 sterling.

As of 2023, the Kuwaiti dinar is the currency with the highest value per base unit, with KD 1 equalling  US$3.25.

Eight countries currently use dinar as their official currency. They are: Algeria, Tunisia, Libya, Serbia, Jordan, Iraq, Kuwait, and Bahrain.

 

Q:4 The correct answer is Option 3 i.e. The Coinage Act, 1972

The Coinage Act, 1972 introduced the US Dollar at par with the Spanish slver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. 

The Gold Standard Act of 1900 linked the dollar solely to gold.

The U.S. dollar became an important international reserve currency after the First World War.

It displaced the Pound Sterling as the world&#39;s primary reserve currency by the Bretton Woods Agreement towards the end of the Second World War.

 

Q:5 The correct answer is Option 3 i.e. Dram

Armenia is a nation, which is in the mountainous Caucasus region between Asia and Europe. 

Armenia&#39;s Capital is Yerevan and its currency is the Armenian dram.

Armenia&#39;s Prime Minister is Nikol Pashinyan.

Its president is Vahagn Khachaturyan.

 

Q:6 The correct answer is Option 1 i.e. Dirham

<table border="1" cellpadding="0" cellspacing="0" style="width:300px">
	<tbody>
		<tr>
			<td>Currency</td>
			<td>Country</td>
			<td>Capital</td>
			<td>Region</td>
			<td>Official Language</td>
		</tr>
		<tr>
			<td>Dirham</td>
			<td>United Arab Emirates</td>
			<td>Abu Dhabi</td>
			<td>Middle East</td>
			<td>Arabic</td>
		</tr>
		<tr>
			<td>Won</td>
			<td>South Korea</td>
			<td>Seoul</td>
			<td>East Asia</td>
			<td>Korean</td>
		</tr>
		<tr>
			<td>Rial</td>
			<td>Qatar</td>
			<td>Doha</td>
			<td>Middle East</td>
			<td>Arabic</td>
		</tr>
		<tr>
			<td>Yen</td>
			<td>Japan</td>
			<td>Tokyo</td>
			<td>East Asia</td>
			<td>Japanese</td>
		</tr>
	</tbody>
</table>

 

Q:7 The correct answer is Option 2 i.e. Argentine peso

The currency of Argentina is the Argentine peso. The Argentine peso preceeds the amount in the same way as many countries using dollar currencies. It is subdivided into 100 centavos.

 

Q:8 The correct answer is Option 3 i.e. Nakfa

Nakfa is the currency of Eritrea and was introduced on 15 November 1998. The currency takes its name from the Eritrean town of Nakfa, site of the first major victory of the Eritrean War of Independence.

 

Q:9 The correct answer is Option 4 i.e. Rand

The currency of South Africa is Rand. The rand was introduced in the Union of South Africa in 1961, three months before the country declared itself a republic.

 

Q:10 The correct answer is Option 3 i.e. Dong

The currency of Vietnam is Vietnamese Dong. It equals 0.0034 Indian Rupees.

Dollar is the currency of USA.

Peso is the currency of Phillipines.

The euro is the currency of 19 EU member states: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain.

 

So that&#39;s it for today. General Awareness subjects are important in general. We&#39;ll go over another subject matter of General Awareness later. Until then, you can practice the questions by downloading the Currencies PDF.

Since 1995, Neetu Mam is Providing Free Content for English to the Students

Best Publisher for English Content

Practice questions on the topic of General Awareness&nbsp;in exams - Currencies!

Currencies Questions PDF with detailed solutions

Latest Notifications

Exam Eligibility

Exam Dates

Exam Pattern

Syllabus

Admit Card

Exam Cutoff

Answer Key

Exam Results

Daily Current Affairs

Current Affairs Quiz

Daily Editorial

Daily Vocabulary

Study Plan

Important Days

Question Paper

Previous Year PDF

English Language

Logical Reasoning

Quantitative Aptitude

General Knowledge

General Awareness

General Science

Today in History

Know Your State

Full Form

Know Your Country

Government Schemes

Know Your City

Know Your Leader

Books and Authors

question answer

Quiz

Courses

Classes

Syllabus of General Knowledge for SSC CGL- Subject Wise Topics Weightage

&lt;p&gt;No title&lt;/p&gt;

SSC CHSL General Awareness Syllabus - Subject Wise Topics Weightage

Currencies are generally questioned about in competitive exams. This website contains a extensive collection of questions and detailed solutions. You can boost your chances of success by practicing answering these questions. You can obtain the PDF by clicking here now!

Currencies Questions PDF with detailed solutions

Currencies Comments:

Currencies RELATED ARTICLES