Countries, Capital and Currency: A to Z List for All Exams

Why should aspirants remember Countries, Capital, and Currency?

The List of Countries, Capital & Currency is one of the most basic portions of Static GK which plays an important role in every competitive exam, along with other topics. Examiners often ask multiple-choice questions from the list of Countries, Capital & Currencies. Whether it is UPSC, SSC, or State PSCs List of Countries, Capital & Currency plays an important role in answering MCQs.

What is Currency?

• Currency is a common denominator to value the goods and services. A currency acts as an intermediary and is necessary to perform as a common denominator.
• Currency serves as a means of exchanging commodities and services. Money in the form of paper or coins, issued by a government and accepted at face value, is known as currency.
• In bartering, goods and services were exchanged directly for other goods and services . Currency has replaced bartering as the primary means of exchanging goods and services in the modern world.

Exchange Rate Strategies

• Technically, the currency is physical money. However, in the financial markets, currencies are the units of account for national economies and the exchange rates are determined by market factors.
• Because business takes place across borders, people often need to buy foreign currency.

What is Capital?

• A capital is a city where a region’s government is located.
• This is where government buildings are and where government leaders work.
• A region can be defined as a nation, state, province, or other political unit. At the county level, capitals are usually called “county seats.

A to Z list of Countries, Capital & Currency

Below is the list of all countries, capital, and currency:

FAQs

1. Which country has more than one currency?

Ans: The Bhutanese ngultrum was first introduced in 1974, where it was pegged at par (1:1) with the Indian rupee (INR), an exchange rate which persists to this day.

2. What is the meaning of the falling of the rupee?

Ans: The falling of the rupee signifies the depreciation of its value against the US dollar, which broadly means the government, companies and citizens are forced to pay increasing amounts of money.

Q. What is Digital Rupee?

Ans: The Digital Rupee is a central bank digital currency (CBDC) that will be launched in 2022-23

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