Q11) The official currency of Australia is:
a) Dollar
b) Australian Dollar
c) Pound
d) Rand
Explanation: The Australian Dollar (AUD), symbolized as A$, is the legal tender of Australia and its territories. It is the sixth most traded currency in the world due to Australia’s global trade.
Q12) Which is the currency of Brazil?
a) Peso
b) Real
c) Escudo
d) Cruzeiro
Explanation: The Brazilian Real (BRL) is the official currency of Brazil. Its symbol is R$. The name “real” means “royal” in Portuguese. It was introduced in 1994 as part of economic reforms.
Q13) The currency of South Africa is:
a) Rand
b) Shilling
c) Pound
d) Franc
Explanation: The South African Rand (ZAR) is the country’s currency, named after the Witwatersrand, where gold was discovered. The currency is often traded in Africa’s markets.
Q14) Which currency is used in Mexico?
a) Peso
b) Real
c) Dollar
d) Escudo
Explanation: The Mexican Peso (MXN) is the official currency of Mexico. It is among the most traded currencies worldwide and one of the strongest in Latin America.
Q15) What is the currency of Switzerland?
a) Franc
b) Euro
c) Pound
d) Krona
Explanation: The Swiss Franc (CHF) is the official currency of Switzerland and Liechtenstein. It is considered one of the world’s most stable currencies, reflecting the nation’s strong banking system.
Q16) Which country uses the currency “Ringgit”?
a) Malaysia
b) Indonesia
c) Brunei
d) Philippines
Explanation: The Malaysian Ringgit (MYR) is the country’s official currency. The word “ringgit” means “jagged” in Malay, referring to the serrated edges of old Spanish silver dollars.
Q17) The currency “Dinar” is used in which of the following countries?
a) Iraq
b) Kuwait
c) Jordan
d) All of the above
Explanation: Several Middle Eastern countries use the Dinar, such as Iraq (IQD), Kuwait (KWD), and Jordan (JOD). The Kuwaiti Dinar is one of the highest-valued currencies in the world.
Q18) The “New Zealand Dollar” is also popularly known as:
a) Kiwi Dollar
b) Pacific Dollar
c) ANZ Dollar
d) Oceanic Dollar
Explanation: The New Zealand Dollar (NZD) is nicknamed the “Kiwi Dollar” because of the kiwi bird, a national symbol of New Zealand. It is a major traded currency in the Asia-Pacific.
Q19) Which African country uses the currency “Naira”?
a) Kenya
b) Nigeria
c) Ghana
d) Ethiopia
Explanation: The Nigerian Naira (NGN) is the official currency of Nigeria, Africa’s most populous country. It replaced the pound in 1973 and is subdivided into 100 kobo.
Q20) What is the currency of Vietnam?
a) Dong
b) Baht
c) Kyat
d) Riel
Explanation: The Vietnamese Dong (VND) is the currency of Vietnam. It has one of the lowest values compared to major global currencies, making its banknotes very high in numerical denominations.
