100 questions and answers Each item is a 4-option MCQ. Open a question, tap A–D. Green is correct, red is wrong. Original practice — not an official paper.
1. Cash and prices in Nigeria are in the A) cedi B) naira (NGN) C) rand D) pound sterling
Tap A, B, C or D.
Answer: B) naira (NGN)
The symbol is ₦.
2. The ISO code for the naira is A) NGN B) NGNaira as the ISO code C) NAD D) NGK
Tap A, B, C or D.
Answer: A) NGN
Payment forms should say NGN.
3. The naira symbol is A) $ B) £ C) ₦ D) ₱
Tap A, B, C or D.
Answer: C) ₦
It is not the peso or dollar sign.
4. The naira’s subunit is the kobo; 100 kobo equal A) 1 US dollar B) 1 pound C) 1 naira D) 1 peso
Tap A, B, C or D.
Answer: C) 1 naira
Kobo still appear in bank ledgers.
5. The CBN is the A) Canadian Banking Network B) Council of British Naira C) Central Board of NECO D) Central Bank of Nigeria
Tap A, B, C or D.
Answer: D) Central Bank of Nigeria
It issues notes and sets monetary policy.
6. Naira banknotes are issued by A) JAMB B) WAEC C) commercial POS agents as legal issuers D) the CBN
Tap A, B, C or D.
Answer: D) the CBN
Redesign series are announced in CBN circulars.
7. BVN is used to A) sit UTME B) replace NIN in every government file always C) identify you across Nigerian bank accounts D) print naira at home
Tap A, B, C or D.
Answer: C) identify you across Nigerian bank accounts
Enrolment is biometric.
8. NIN is A) a TFN B) the national identity number often linked to banking and SIM C) a Canadian SIN only D) an NHS number
Tap A, B, C or D.
Answer: B) the national identity number often linked to banking and SIM
Fintech apps commonly ask for it.
9. eNaira is A) a JAMB e-PIN B) a WAEC token C) the CBN’s central-bank digital currency D) a Golden Visa
Tap A, B, C or D.
Answer: C) the CBN’s central-bank digital currency
It is not a private crypto token.
10. Cash-policy and note-redesign news should be read from A) CBN notices, not forwarded rumours B) JAMB C) WAEC syllabuses only D) FIFA
Tap A, B, C or D.
Answer: A) CBN notices, not forwarded rumours
Old-versus-new note rules have changed before.
11. Official FX windows and street quotes A) are always identical B) are set by WAEC C) can differ — use licensed channels for transfers D) equal MXN by law
Tap A, B, C or D.
Answer: C) can differ — use licensed channels for transfers
‘Aboki’ slang is common in search.
12. Foreign exchange should be bought from A) an anonymous Instagram rate as the safe default B) a JAMB CBT centre C) licensed banks and operators D) a WAEC office
Tap A, B, C or D.
Answer: C) licensed banks and operators
Unlicensed deals can be illegal.
13. Ghana’s currency is the cedi, which is A) the same as NGN B) not legal tender as the naira C) issued by the CBN D) subdivided into kobo
Tap A, B, C or D.
Answer: B) not legal tender as the naira
ECOWAS travel still needs exchange.
14. Some other ECOWAS countries use A) the West African CFA franc, not the naira B) only naira as shared cash C) only the cedi D) only pounds
Tap A, B, C or D.
Answer: A) the West African CFA franc, not the naira
You exchange at the border or a bank.
15. The South African rand is A) NGN B) issued in Abuja as legal tender C) subdivided into kobo D) not the naira
Tap A, B, C or D.
Answer: D) not the naira
Do not mix ZAR cash with ₦ notes.
16. Kobo coins are A) rarely seen in daily cash now B) the only legal way to pay a bus C) equal to a US cent always D) issued by JAMB
Tap A, B, C or D.
Answer: A) rarely seen in daily cash now
Digital amounts still show kobo.
17. Interbank transfers in Nigeria typically use A) NIP and related CBN payment systems, in naira B) SPEI as the Nigerian system C) CHAPS as the only local rail D) Fedwire as CBN law
Tap A, B, C or D.
Answer: A) NIP and related CBN payment systems, in naira
Bank apps and USSD ride those rails.
18. USSD codes and bank apps move A) naira between accounts B) only dollars by law C) only eNaira as the only option D) only BVN points
Tap A, B, C or D.
Answer: A) naira between accounts
Keep PINs private.
19. POS agents dispense cash for A) free CBN cash always B) JAMB PINs as cash C) a fee on top of your withdrawal D) WAEC tokens
Tap A, B, C or D.
Answer: C) a fee on top of your withdrawal
Agree the charge before you slot the card.
20. Some shops quote dollars informally, but legal tender is still A) only USD B) only crypto C) only the cedi D) the naira
Tap A, B, C or D.
Answer: D) the naira
You can insist on a naira price.
21. Salary accounts in Nigeria are denominated in A) naira B) CRS points C) JAMB scores D) WAEC grades
Tap A, B, C or D.
Answer: A) naira
Dollar salaries still convert for local spend.
22. Sending money abroad usually needs A) only a JAMB profile B) only a Golden Visa C) only council-tax proof D) a licensed operator and CBN-compliant paperwork
Tap A, B, C or D.
Answer: D) a licensed operator and CBN-compliant paperwork
Purpose codes and limits apply.
23. Some outward payments use A) a WAEC scratch card as FX paperwork B) a UTME slip as a Form A C) Form A or trade documents under CBN rules D) a BVN selfie as the only form always
Tap A, B, C or D.
Answer: C) Form A or trade documents under CBN rules
Your bank lists the current checklist.
24. Import FX is A) free for every WhatsApp trader B) set by JAMB C) priced in kobo only as the USD rate D) regulated, not an unlimited street right
Tap A, B, C or D.
Answer: D) regulated, not an unlimited street right
Use authorised dealer banks.
25. The naira has had devaluation episodes, so you should A) check a live rate, not a 2015 memory B) treat 1 USD = ₦1 as law C) use a WAEC textbook rate D) assume a peg to MXN
Tap A, B, C or D.
Answer: A) check a live rate, not a 2015 memory
News searches spike when the window moves.
26. Old-versus-new note deadlines have changed; A) a 2022 voice note as eternal law B) a market rumour only C) follow the latest CBN circular D) JAMB guidelines
Tap A, B, C or D.
Answer: C) follow the latest CBN circular
Shops may stop old series after a deadline.
27. Fintech wallets in Nigeria are still usually A) denominated in naira B) in pounds only C) in pesos D) in SAT points
Tap A, B, C or D.
Answer: A) denominated in naira
Cash-out still hits a bank or agent.
28. A naira debit card spends naira unless A) it prints USD cash in Lagos ATMs always B) you use it on an FX rail that converts C) it is a JAMB card D) it is BVN itself
Tap A, B, C or D.
Answer: B) you use it on an FX rail that converts
International charges are extra.
29. BVN enrolment captures A) only a phone number with no biometrics B) only a WAEC number C) only a nickname D) biometrics (fingerprints and face)
Tap A, B, C or D.
Answer: D) biometrics (fingerprints and face)
A mismatched face can freeze new accounts.
30. A watch-listed or blocked BVN can A) stop you opening or using some accounts B) raise your UTME score C) print extra notes D) cancel WAEC
Tap A, B, C or D.
Answer: A) stop you opening or using some accounts
Resolve it through your bank and NIBSS/CBN processes.
31. The CBN monetary policy rate influences A) JAMB cut-offs B) lending and deposit rates in the economy C) WAEC grade boundaries D) FIFA groups
Tap A, B, C or D.
Answer: B) lending and deposit rates in the economy
It is not a shop’s POS fee.
32. Inflation figures are published by A) WAEC B) the National Bureau of Statistics (NBS), not JAMB C) FIFA D) KHDA
Tap A, B, C or D.
Answer: B) the National Bureau of Statistics (NBS), not JAMB
They measure how fast prices rise.
33. Bureau-de-change operators must be A) anonymous Instagram pages as official BDCs B) JAMB CBT centres C) WAEC offices D) licensed
Tap A, B, C or D.
Answer: D) licensed
Ask to see a licence.
34. Street or ‘aboki’ quotes are A) the only legal FX B) printed on every naira note C) set by WAEC D) not the official CBN window rate
Tap A, B, C or D.
Answer: D) not the official CBN window rate
Licensed channels are the compliant path.
35. Travellers may need to declare A) every ₦100 note always B) only BVN C) large amounts of cash under the rules D) only a JAMB slip
Tap A, B, C or D.
Answer: C) large amounts of cash under the rules
Customs publishes the current threshold.
36. Travelling in ECOWAS still means A) spending naira as legal tender everywhere B) exchanging into that country’s currency C) using only eNaira abroad as law D) paying in kobo coins only
Tap A, B, C or D.
Answer: B) exchanging into that country’s currency
Cedi, CFA and others are different cash.
37. The naira is not A) NGN B) issued by the CBN C) pegged 1:1 to the US dollar D) subdivided into kobo
Tap A, B, C or D.
Answer: C) pegged 1:1 to the US dollar
The window rate moves.
38. Federal budgets are presented in A) naira B) only USD C) only pounds D) JAMB marks
Tap A, B, C or D.
Answer: A) naira
MDA allocations are ₦ lines.
39. Prices on the Nigerian Exchange are quoted in A) naira and kobo B) only USD cents as NGX law C) WAEC grades D) CRS points
Tap A, B, C or D.
Answer: A) naira and kobo
A stock at 2500 kobo is ₦25.
40. ‘JAMB upgrade’ or miracle-score payments in naira or crypto are A) official JAMB products B) CBN savings bonds C) eNaira rewards D) scams
Tap A, B, C or D.
Answer: D) scams
Pay only on jamb.gov.ng.
41. Keep transfer receipts because they are A) worthless after 60 seconds B) the same as a BVN C) WAEC certificates D) your proof if a NIP or wallet credit fails
Tap A, B, C or D.
Answer: D) your proof if a NIP or wallet credit fails
Dispute windows are short.
42. Confirm CBN notices on A) a forwarded broadcast list as the only source B) a football fan page C) a JAMB rumour D) cbn.gov.ng (or the CBN’s official channels)
Tap A, B, C or D.
Answer: D) cbn.gov.ng (or the CBN’s official channels)
Redesign, FX and cash rules belong there.
43. Official rules for the Nigerian naira in Nigeria come from A) a forwarded WhatsApp list B) the authority named on the current notice C) a sports commentary D) a restaurant menu
Tap A, B, C or D.
Answer: B) the authority named on the current notice
Always open the official PDF or site.
44. A practice page about the Nigerian naira should A) teach the stable map, not invent a form date B) promise a vacancy tomorrow C) copy a leaked paper D) hide the country name
Tap A, B, C or D.
Answer: A) teach the stable map, not invent a form date
GKSchools does not invent cycles.
45. If two websites disagree about the Nigerian naira in Nigeria, trust A) the louder influencer B) a screenshot with no URL C) a 2014 blog comment D) the official commission, board, or ministry
Tap A, B, C or D.
Answer: D) the official commission, board, or ministry
Check the domain.
46. Students search the Nigerian naira because A) it is a US state test only B) it is a Hindi-only quiz C) it is a high-intent local phrase in Nigeria D) it is a cooking term
Tap A, B, C or D.
Answer: C) it is a high-intent local phrase in Nigeria
Keep answers in the language of the search.
47. The safest first click for the Nigerian naira is A) buying a random PDF first B) the official explainer, then practice questions C) skipping eligibility D) ignoring the syllabus
Tap A, B, C or D.
Answer: B) the official explainer, then practice questions
Read the map, then tap to score.
48. Eligibility for the Nigerian naira is decided by A) a cousin’s memory B) a cinema ticket C) a weather app D) the published rules for that year
Tap A, B, C or D.
Answer: D) the published rules for that year
Rules can change by notification.
49. A mock set on the Nigerian naira is A) original practice, not an official paper copy B) a leaked booklet C) a live scorecard D) a visa stamp
Tap A, B, C or D.
Answer: A) original practice, not an official paper copy
Use it to learn the pattern.
50. When the Nigerian naira uses a calculator rule, follow A) any phone app in the hall B) the paper’s approved-calculator list C) a smartwatch always D) sharing a friend’s device
Tap A, B, C or D.
Answer: B) the paper’s approved-calculator list
Invigilators check devices.
51. Negative marking on the Nigerian naira, if any, is A) always −1 on every paper worldwide B) never used anywhere C) the same as SAT always D) stated on that year’s instruction sheet
Tap A, B, C or D.
Answer: D) stated on that year’s instruction sheet
Do not guess the penalty.
52. Subject choice for the Nigerian naira should match A) only what a neighbour picked B) the course or career you want next C) the shortest form D) a random code
Tap A, B, C or D.
Answer: B) the course or career you want next
Wrong paper waste a year.
53. A resit or remark for the Nigerian naira is A) a WhatsApp appeal B) automatic every year C) an official process with a deadline D) free forever
Tap A, B, C or D.
Answer: C) an official process with a deadline
Read the board’s remark page.
54. Past papers for the Nigerian naira are useful when A) you only read the cover B) you attempt them timed, then check the mark scheme C) you memorise one year D) you skip the mark scheme
Tap A, B, C or D.
Answer: B) you attempt them timed, then check the mark scheme
Timing builds exam stamina.
55. Syllabus changes for the Nigerian naira appear in A) the current specification or circular B) a 2010 textbook only C) a meme D) a taxi advert
Tap A, B, C or D.
Answer: A) the current specification or circular
Confirm the year on the PDF.
56. Access arrangements for the Nigerian naira need A) a note written in the hall B) a parent phone call during the test C) nothing ever D) an approved application before the paper
Tap A, B, C or D.
Answer: D) an approved application before the paper
Apply early through the school or centre.
57. Results for the Nigerian naira are released A) on the date the official body publishes B) whenever a coaching centre guesses C) every Sunday D) only on social media
Tap A, B, C or D.
Answer: A) on the date the official body publishes
Bookmark the results page.
58. Certificates for the Nigerian naira are issued by A) a photocopy shop B) a blog C) FIFA D) the awarding body named on the paper
Tap A, B, C or D.
Answer: D) the awarding body named on the paper
Keep digital and paper copies.
59. If the Nigerian naira is an eligibility test, passing it A) does not by itself give a job letter B) guarantees a posting next week C) replaces a degree always D) cancels other exams
Tap A, B, C or D.
Answer: A) does not by itself give a job letter
Recruitment is a later step.
60. If the Nigerian naira is an entrance exam, a rank A) is a visa B) is used by colleges as they notify C) is a salary D) is a passport
Tap A, B, C or D.
Answer: B) is used by colleges as they notify
Admission lists are separate.
61. Fees for the Nigerian naira must be paid A) to a personal UPI of a stranger B) in a parking lot C) on the official portal named in the notice D) only in cash to a tout
Tap A, B, C or D.
Answer: C) on the official portal named in the notice
Save the receipt.
62. Photo and ID rules for the Nigerian naira are A) printed on the admit card B) the same as a concert ticket C) optional D) only for teachers
Tap A, B, C or D.
Answer: A) printed on the admit card
Carry the exact ID listed.
63. A name mismatch on the Nigerian naira documents should be A) ignored B) fixed with correction fluid in the hall C) corrected through the official channel before the day D) posted on a group chat
Tap A, B, C or D.
Answer: C) corrected through the official channel before the day
Boards reject mismatched IDs.
64. Study time for the Nigerian naira works better as A) one 12-hour cram once a year B) a daily short set you can finish C) only watching reels D) skipping weak topics forever
Tap A, B, C or D.
Answer: B) a daily short set you can finish
Come back tomorrow for a new order.
65. Current-affairs items mixed with the Nigerian naira should be A) undated rumours B) invented summit hosts C) dated facts you can verify D) copied paywalled PDFs
Tap A, B, C or D.
Answer: C) dated facts you can verify
We rotate practice; we do not invent news.
66. Internal links from a the Nigerian naira page should go to A) random shopping carts B) broken admin URLs C) login walls D) the country hub and related exams
Tap A, B, C or D.
Answer: D) the country hub and related exams
Students need the next tap.
67. Language of answers on this the Nigerian naira page is A) Hindi only B) English, because this desk is /en/ C) a mix that confuses crawlers D) emoji only
Tap A, B, C or D.
Answer: B) English, because this desk is /en/
Hindi GK stays on the main site.
68. Group vs grade language on the Nigerian naira must stay A) as the official body writes it B) swapped for SEO C) copied from another country D) hidden
Tap A, B, C or D.
Answer: A) as the official body writes it
UPSC Group A is not RBI Grade B.
69. A calculator-allowed paper for the Nigerian naira still needs A) only the final number B) working shown where the mark scheme asks C) no units D) a photo of the screen
Tap A, B, C or D.
Answer: B) working shown where the mark scheme asks
Method marks exist.
70. Multiple-choice on the Nigerian naira is scored from A) the option you lock B) the option you whispered C) all four options D) the question number
Tap A, B, C or D.
Answer: A) the option you lock
Tap once; green is correct, red is wrong.
71. A “today’s 5” strip on the Nigerian naira is A) breaking news from a newsroom B) a live official paper C) a daily rotate of the same 100-question bank D) a paid leak
Tap A, B, C or D.
Answer: C) a daily rotate of the same 100-question bank
Order changes at midnight so you return.
72. Sharing an the Nigerian naira admit card publicly can A) raise your rank B) pay the fee twice C) expose personal data D) change the syllabus
Tap A, B, C or D.
Answer: C) expose personal data
Keep numbers private.
73. Coaching claims about the Nigerian naira cut-offs are A) always exact in January B) the same for every state C) copied from SAT D) unofficial until the authority publishes them
Tap A, B, C or D.
Answer: D) unofficial until the authority publishes them
Treat them as gossip.
74. A practical or oral for the Nigerian naira, if any, is A) optional decoration B) replaced by a tweet C) part of the published assessment D) the same as a written MCQ
Tap A, B, C or D.
Answer: C) part of the published assessment
Check the weighting.
75. Transfer or migration after the Nigerian naira follows A) a YouTube comment B) the receiving school or university rules C) a taxi driver D) a currency app
Tap A, B, C or D.
Answer: B) the receiving school or university rules
Get the letter in writing.
76. Disability support for the Nigerian naira is A) a secret extra hour for anyone B) forbidden everywhere C) only for staff D) an official access arrangement
Tap A, B, C or D.
Answer: D) an official access arrangement
Ask the centre early.
77. A formula sheet for the Nigerian naira is allowed only if A) that paper’s instructions say so B) you printed one at home always C) your friend has one D) it is in another language
Tap A, B, C or D.
Answer: A) that paper’s instructions say so
Invigilators collect extras.
78. Units in a the Nigerian naira numerical answer should A) be skipped to save time always B) match the question (cm, $, £, R) C) be US customary only D) be Roman numerals
Tap A, B, C or D.
Answer: B) match the question (cm, $, £, R)
Unit marks are easy marks.
79. Estimation before calculating the Nigerian naira items A) catches calculator slips B) wastes the whole paper C) is banned D) replaces working
Tap A, B, C or D.
Answer: A) catches calculator slips
Sense-check the size of the answer.
80. Reading the question twice on the Nigerian naira helps because A) the paper is always one word B) command words change the mark scheme C) options never trick D) time is unlimited
Tap A, B, C or D.
Answer: B) command words change the mark scheme
Circle the command word.
81. Command words such as explain / calculate / compare on the Nigerian naira mean A) the same one-word reply B) draw a picture only C) different depths of answer D) skip the question
Tap A, B, C or D.
Answer: C) different depths of answer
Marks follow the verb.
82. A data booklet for the Nigerian naira (if issued) is A) your personal notebook B) a phone download in the hall C) part of the exam stationery D) optional graffiti
Tap A, B, C or D.
Answer: C) part of the exam stationery
Use the values they give.
83. Revision notes for the Nigerian naira should list A) only motivational quotes B) 50 copied PDFs unread C) definitions, exceptions, and one worked example D) someone else’s login
Tap A, B, C or D.
Answer: C) definitions, exceptions, and one worked example
Short notes beat hoarding.
84. Sleep before a the Nigerian naira paper usually beats A) skipping breakfast only as a strategy B) arriving without ID C) an all-night first reading of the syllabus D) both of those and more
Tap A, B, C or D.
Answer: C) an all-night first reading of the syllabus
Tired brains drop easy marks.
85. On the day of the Nigerian naira, arrive A) exactly as the bell rings B) with time to find the room and ID check C) without the admit card D) with a banned device
Tap A, B, C or D.
Answer: B) with time to find the room and ID check
Centres start on time.
86. After the Nigerian naira results, the next step is often A) deleting the certificate B) a published admission, remark, or next paper C) ignoring official email D) paying a stranger to “upgrade” marks
Tap A, B, C or D.
Answer: B) a published admission, remark, or next paper
Use official portals.
87. Scholarships linked to the Nigerian naira have A) the same form as a driving licence B) their own forms and dates C) no eligibility rules D) automatic award to every candidate
Tap A, B, C or D.
Answer: B) their own forms and dates
Read the scholarship page separately.
88. University offers that mention the Nigerian naira grades are A) conditional on the published offer letter B) verbal promises in a corridor C) a social-media poll D) a bank SMS
Tap A, B, C or D.
Answer: A) conditional on the published offer letter
Keep the offer PDF.
89. Worked examples on this the Nigerian naira page use A) original numbers, not a leaked script B) a photocopied board paper C) a paywalled dump D) a scanned teacher copy
Tap A, B, C or D.
Answer: A) original numbers, not a leaked script
Pattern practice is allowed; paper theft is not.
90. A bilingual student using this the Nigerian naira desk should A) mix Hindi sentences into the EN URL B) ignore the glossary C) translate only the ads D) practise the English command words here
Tap A, B, C or D.
Answer: D) practise the English command words here
/en/ stays English.
91. When the Nigerian naira overlaps another country exam, this page still A) copies USA SAT wording only B) uses India Group C labels C) hides the country D) keeps Nigeria names and authorities
Tap A, B, C or D.
Answer: D) keeps Nigeria names and authorities
Local phrases win the click.
92. A parent helping with the Nigerian naira should A) take the test for them B) buy every book in the shop C) sit while the student taps answers D) call the board daily
Tap A, B, C or D.
Answer: C) sit while the student taps answers
The score is for the student.
93. Nigeria’s currency is the A) naira (NGN) B) cedi C) rand D) pound sterling
Tap A, B, C or D.
Answer: A) naira (NGN)
The symbol is ₦.
94. 100 kobo make A) 1 US dollar B) 1 pound C) 1 naira D) 1 peso
Tap A, B, C or D.
Answer: C) 1 naira
Kobo coins are rarely used in daily cash now.
95. The CBN is A) Canadian Banking Network B) Council of British Naira C) the Central Bank of Nigeria D) Central Board of NECO
Tap A, B, C or D.
Answer: C) the Central Bank of Nigeria
It issues notes and sets policy.
96. Redesign / cash-policy news is A) a frequent naira search — follow CBN notices, not rumours B) set by JAMB C) a WAEC syllabus topic only D) FIFA policy
Tap A, B, C or D.
Answer: A) a frequent naira search — follow CBN notices, not rumours
Old vs new note rules have changed in recent years.
97. Official FX windows and the street rate A) are always identical B) are set by WAEC C) can differ — use licensed channels for transfers D) equal MXN
Tap A, B, C or D.
Answer: C) can differ — use licensed channels for transfers
ABOKI / parallel-market slang is common in search.
98. Naira is not A) NGN B) issued by the CBN C) legal tender in Ghana (that is the cedi) D) subdivided into kobo
Tap A, B, C or D.
Answer: C) legal tender in Ghana (that is the cedi)
ECOWAS travel still needs exchange.
99. Bank verification often uses A) BVN (Bank Verification Number) and NIN B) TFN C) SIN only D) NHS number
Tap A, B, C or D.
Answer: A) BVN (Bank Verification Number) and NIN
Fintech apps ask for them.
100. Sending naira abroad usually needs A) only a JAMB profile B) a Golden Visa C) council tax proof D) a licensed operator and CBN-compliant paperwork
Tap A, B, C or D.
Answer: D) a licensed operator and CBN-compliant paperwork
Limits and purposes are regulated.
