Question

One million is equal to:
A) 1 lakh
B) 10 lakh
C) 1 crore
D) 10 crore

Answer 1

Hint:
Here, first of all we will find the difference in the Indian place value system and the International place system and then find the conversion rates from the Indian place value system to the international place value system.

Complete step by step solution:
Here, the term million billion is used in the International place value system in Indian place value system we use the term lacs, crore.
So, first we will find the difference between both the systems.
We read place value chart from left to right and in Indian place value system we make the group of the 3 and then 2 from the right while in the International place value system they make group of 3 and then 3 from right as we know that the
1 million = 1,000,000
Now according to the Indian place value system
1 million = 10,00,000
The above figure according to the Indian place value system is known as the 10lacs while according to the International place value system is equal to 1 million or 100 thousand.

Therefore, 1 million = 10 lakh

Note:
In this question one has to have the knowledge of the Indian place value system and the International place value system in Indian place value system we make a group of 3 and then 2 while in the International place value system we make the group of the 3 and then 3.