Žeravica was the head coach of the senior men's Yugoslavia national basketball team to gold medals at the 1980 Summer Olympic Games and 1970 FIBA World Championship; as well as to silver medals at the 1968 Summer Olympic Games, 1967 FIBA World Championship, 1969 EuroBasket, and 1971 EuroBasket. He also coached Yugoslavia to the bronze medal at the 1982 FIBA World Championship.