Crore

Definition of Crore

A “Crore” is a unit in the Indian numbering system that equals ten million (10,000,000) in the International System. It is commonly used in South Asian countries like India, Bangladesh, Nepal, and Pakistan to denote large sums of money, population counts, and other significant numerical values. In financial terms, one crore is represented numerically as 1,00,00,000.

Examples

National Budget: When discussing a country’s national budget, an economist might say the government allocated Rs 5,000 crore for infrastructure development.
Corporate Revenue: A company’s annual revenue might be reported as Rs 1,200 crore.
Property Valuation: Real estate worth might be expressed as Rs 15 crore.

Frequently Asked Questions (FAQs)

What is a crore in the US number system?

A crore in the US number system is equivalent to 10 million. Numerically, it is represented as 10,000,000.

How do you write 1 crore in numbers?

One crore is written as 1,00,00,000 in the Indian numbering system and 10,000,000 in the International System.

What is the symbol for crore?

There is no specific symbol for crore. It is generally denoted as ‘Cr’ in financial statements or discussions.

How does crore relate to other units like million and billion?

1 crore = 10 million
10 crore = 100 million = 0.1 billion
100 crore = 1 billion

Is crore used outside South Asia?

While “crore” is a term specifically used in the Indian subcontinent, its equivalent international value (10 million) is understood globally, particularly in financial contexts.

How many zeroes are in 1 crore?

One crore has seven zeroes: 1,00,00,000.

Lakh: A unit in the Indian numbering system equal to one hundred thousand (100,000).
Million: An international unit equal to ten lakh or 1,000,000.
Billion: An international unit equal to one hundred crore or 1,000,000,000.

Online References

Suggested Books for Further Studies

Financial Accounting for Management by Paresh Shah
India’s Financial Market by Ajay Shah, Susan Thomas, Michael Gorham
Essentials of Financial Management by Eugene F. Brigham, Joel F. Houston

Accounting Basics: “Crore” Fundamentals Quiz

### How many millions are there in one crore? - [x] 10 - [ ] 100 - [ ] 1 - [ ] 0.1 > **Explanation:** One crore is equal to ten million in the International System. ### How is one crore written in the Indian numbering system? - [x] 1,00,00,000 - [ ] 1,000,000 - [ ] 10,000,000 - [ ] 1,000,00,000 > **Explanation:** In the Indian numbering system, one crore is written as 1,00,00,000. ### In financial terms, which of the following represents Rs 5 crore? - [ ] Rs 50,000,000 - [ ] Rs 500,000 - [x] Rs 50,00,00,000 - [ ] Rs 5,000,000 > **Explanation:** Rs 5 crore is represented as Rs 50,00,00,000 in the Indian numbering system. ### What is the equivalent of 100 crore in the International System? - [ ] 1 million - [ ] 10 million - [x] 1 billion - [ ] 100 million > **Explanation:** 100 crore is equal to 1 billion in the International System. ### Which of the following best represents aggregation of values in the Indian numbering system for crore? - [x] 1 crore = 10 million - [ ] 1 crore = 100 thousand - [ ] 1 crore = 1 billion - [ ] 1 crore = 10 billion > **Explanation:** One crore is equal to ten million in the International System. ### How would "250 lakh" be expressed in crores? - [ ] 2.5 crore - [x] 25 crore - [ ] 0.25 crore - [ ] 250 crore > **Explanation:** Since one crore is equal to 100 lakh, 250 lakh would be equal to 25 crore. ### Is the term "crore" used primarily in financial contexts outside of South Asia? - [ ] Yes, it is used globally in financial contexts. - [x] No, it is primarily used in South Asia. - [ ] Yes, it is a standard financial term worldwide. - [ ] No, it is not used in financial contexts. > **Explanation:** The term "crore" is primarily used in South Asia, although its international equivalent (10 million) can be understood globally. ### How many zeros follow the digit 1 in a crore? - [ ] 5 - [ ] 6 - [x] 7 - [ ] 8 > **Explanation:** One crore is equivalent to 10,000,000 or 1 followed by seven zeros. ### Which of the following is not equal to 1 crore? - [ ] 10 million - [ ] 1,00,00,000 - [ ] 100 lakh - [x] 1 billion > **Explanation:** One crore is equal to ten million, 1,00,00,000, and 100 lakh. It is not equal to one billion. ### How would you represent 5.75 crore in the Indian numbering system? - [ ] 5,75,00,000 - [x] 5,75,00,000 - [ ] 5,75,75,000 - [ ] 5,00,75,000 > **Explanation:** Representing 5.75 crore in the Indian numbering system would be 5,75,00,000.

Thank you for your dedication to understanding the finances in the Indian numbering system! Keep up the great work in mastering these concepts.