Part of: Miscellaneous Indian Gk set 149

What is the currency of Bhutan?

Category: Miscellaneous Indian Gk

Hint: Consider the official currency of Bhutan.

Correct Answer: D) NOTA

Exam Relevance: UPSC, SSC, Bank PO, Civil Services

Difficulty: Easy

Explanations:

The question asks about the currency of Bhutan, a small landlocked country located in the eastern Himalayas. Bhutan has its own official currency, the Ngultrum (BTN), which is pegged to the Indian Rupee (INR). This means that the value of the Ngultrum is directly tied to the value of the Indian Rupee, and both currencies are accepted in Bhutan.

It is important to understand the concept of currency pegging. When two currencies are pegged, their exchange rate is fixed, meaning that the value of one currency is directly tied to the value of the other. In the case of Bhutan and India, this pegging allows for a stable economic relationship between the two countries, as the value of Bhutan's currency is directly influenced by the value of the Indian Rupee.

The options provided in the question are Taka, Rupee, Kyat, and NOTA. Taka is the currency of Bangladesh, Rupee is the currency of India, and Kyat is the currency of Myanmar (Burma). None of these options correctly identifies the official currency of Bhutan, which is the Ngultrum. Therefore, the correct answer is NOTA (None of the Above).

Understanding the currencies of different countries is crucial for general knowledge and for competitive examinations where such questions are common. It is also important to be aware of the economic relationships between countries, such as the currency peg between Bhutan and India, which can influence economic policies and trade relationships.

Option Analysis:
  • Option A: Taka is the currency of Bangladesh, not Bhutan. This option is incorrect because it refers to a different country's currency.
  • Option B: Rupee is the currency of India, and while it is accepted in Bhutan, it is not the official currency of Bhutan. This option is incorrect as it does not specify Bhutan's official currency.
  • Option C: Kyat is the currency of Myanmar (Burma), not Bhutan. This option is incorrect because it refers to a different country's currency.
  • Option D: NOTA (None of the Above) is the correct answer because the official currency of Bhutan is the Ngultrum, which is not listed among the options. This option correctly identifies that none of the given choices is the official currency of Bhutan.

Mnemonic: Bhutan's currency is NOTA, think "Not Other Asian" currencies.

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