What is the currency of Bangladesh, a neighbouring country of India?

This question was previously asked in
SSC MTS (2022) Official Paper (Held On: 20 Jun, 2023 Shift 2)
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  1. Kyat
  2. Taka
  3. Ngultrum
  4. Yuan

Answer (Detailed Solution Below)

Option 2 : Taka
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Detailed Solution

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The correct answer is taka.

 Key Points

  • Taka:-
    • It is the official currency of Bangladesh.
    • It is subdivided into 100 poisha.
    • The taka was introduced in 1972, after the independence of Bangladesh from Pakistan.
    • The currency is issued by the Bangladesh Bank.
    • The taka is a symbol of Bangladesh's national identity and economic progress.
    • It is also a reminder of the country's struggle for independence.

 Additional Information

  • Kyat:-
    • It is the official currency of Myanmar (Burma).
    • It is subdivided into 100 pyas. The kyat was introduced in 1952, after the independence of Myanmar from the British Empire.
    • The currency is issued by the Central Bank of Myanmar.
  • Ngultrum (BTN):-
    • It is the official currency of Bhutan.
    • It is subdivided into 100 chetrums.
    • The ngultrum was introduced in 1974, and it is currently pegged to the Indian rupee at par.
  • Yuan:-
    • It is the official currency of the People's Republic of China (PRC).
    • It is the basic unit of the renminbi (RMB), which literally means "people's currency". 
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