What is one Arab?
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Noah Johnson
Works at IBM, Lives in Armonk.
As an expert in the field of international finance and economics, I specialize in understanding and interpreting various financial systems and terminologies across the globe. One such term that is often encountered in the context of the Indian financial system is "Arab." It is a part of the Indian numbering system, which is used to denote large quantities of money or currency in a more manageable form.
In the Indian numbering system, the progression of large numbers follows a specific pattern. The term "Arab" is derived from the Sanskrit word "arbuda," which means "to rise or swell." It is used to represent a very large quantity of rupees. To understand what one Arab represents, let's break down the Indian numbering system step by step:
1. Lakh (लाख): The basic unit in this system is the "lakh," which equals 100,000 (10^5) rupees. For example, if you have 2,00,000 rupees, it is referred to as "two lakh rupees."
2. Crore (करोड़): A hundred times a lakh gives us the "crore," which equals 10,00,00,000 (10^7) rupees. So, if you possess 1,00,00,000 rupees, it is called "one crore rupees."
3. Arab (अरब): The next unit in this progression is the "Arab," which is equal to 100 times a crore, or 1,00,00,00,000 (10^9) rupees. Therefore, one Arab represents one hundred crore rupees.
4. Kharab/Kharwa (खरब/खरवा): A hundred times an Arab gives us the "Kharab" or "Kharwa," which equals 1,00,00,00,00,000 (10^11) rupees.
5. Nil/Neel (नील/नील): Following this, a hundred times a Kharab results in a "Nil" or "Neel," which is 1,00,00,00,00,00,000 (10^13) rupees.
6. Padma (पद्म): Continuing this pattern, a hundred times a Nil equals a "Padma," which is 1,00,00,00,00,00,00,000 (10^15) rupees.
7.
Shankh (शंख): A hundred times a Padma gives us a "Shankh," equaling 1,00,00,00,00,00,00,00,000 (10^17) rupees.
8.
Upadha (उपधा): The next term is "Upadha," which is 1,00,00,00,00,00,00,00,000 (10^19) rupees.
9.
Ank (अंक): Finally, a hundred times an Upadha results in an "Ank," which is 1,00,00,00,00,00,00,00,00,000 (10^21) rupees.
The use of these terms is not just limited to India; they are also used in neighboring countries such as Pakistan and Bangladesh, which have similar financial systems. It is important to note that these terms are colloquial and are not standardized in formal financial documents or international transactions. However, they are widely recognized and used in everyday language to express large sums of money.
In conclusion, when we talk about one Arab, we are referring to an astronomically large sum of money in the Indian context, specifically 100 crore rupees or 1,00,00,00,000 rupees. Understanding the Indian numbering system and its terminology is crucial for anyone dealing with financial matters in India or with Indian entities.
In the Indian numbering system, the progression of large numbers follows a specific pattern. The term "Arab" is derived from the Sanskrit word "arbuda," which means "to rise or swell." It is used to represent a very large quantity of rupees. To understand what one Arab represents, let's break down the Indian numbering system step by step:
1. Lakh (लाख): The basic unit in this system is the "lakh," which equals 100,000 (10^5) rupees. For example, if you have 2,00,000 rupees, it is referred to as "two lakh rupees."
2. Crore (करोड़): A hundred times a lakh gives us the "crore," which equals 10,00,00,000 (10^7) rupees. So, if you possess 1,00,00,000 rupees, it is called "one crore rupees."
3. Arab (अरब): The next unit in this progression is the "Arab," which is equal to 100 times a crore, or 1,00,00,00,000 (10^9) rupees. Therefore, one Arab represents one hundred crore rupees.
4. Kharab/Kharwa (खरब/खरवा): A hundred times an Arab gives us the "Kharab" or "Kharwa," which equals 1,00,00,00,00,000 (10^11) rupees.
5. Nil/Neel (नील/नील): Following this, a hundred times a Kharab results in a "Nil" or "Neel," which is 1,00,00,00,00,00,000 (10^13) rupees.
6. Padma (पद्म): Continuing this pattern, a hundred times a Nil equals a "Padma," which is 1,00,00,00,00,00,00,000 (10^15) rupees.
7.
Shankh (शंख): A hundred times a Padma gives us a "Shankh," equaling 1,00,00,00,00,00,00,00,000 (10^17) rupees.
8.
Upadha (उपधा): The next term is "Upadha," which is 1,00,00,00,00,00,00,00,000 (10^19) rupees.
9.
Ank (अंक): Finally, a hundred times an Upadha results in an "Ank," which is 1,00,00,00,00,00,00,00,00,000 (10^21) rupees.
The use of these terms is not just limited to India; they are also used in neighboring countries such as Pakistan and Bangladesh, which have similar financial systems. It is important to note that these terms are colloquial and are not standardized in formal financial documents or international transactions. However, they are widely recognized and used in everyday language to express large sums of money.
In conclusion, when we talk about one Arab, we are referring to an astronomically large sum of money in the Indian context, specifically 100 crore rupees or 1,00,00,00,000 rupees. Understanding the Indian numbering system and its terminology is crucial for anyone dealing with financial matters in India or with Indian entities.
2024-05-12 07:06:08
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Works at the International Development Association, Lives in Washington, D.C., USA.
Large denominations of rupees are often counted in lakh (100,000 = 1 lakh, 100 lakh = 1 crore/karor, 100 crore/karor = 1 Arab, 100 Arab = 1 kharab/khrab, 100 Kharab/khrab = 1 nil/neel, 100 nil/neel = 1 padma, 100 padma = 1 shankh, 100 shankh = 1 udpadha, 100 udpadha = 1 ank).
2023-06-12 08:54:31
Emily Harris
QuesHub.com delivers expert answers and knowledge to you.
Large denominations of rupees are often counted in lakh (100,000 = 1 lakh, 100 lakh = 1 crore/karor, 100 crore/karor = 1 Arab, 100 Arab = 1 kharab/khrab, 100 Kharab/khrab = 1 nil/neel, 100 nil/neel = 1 padma, 100 padma = 1 shankh, 100 shankh = 1 udpadha, 100 udpadha = 1 ank).
