1 Million is Equivalent to Which of the Following

Answer: The correct answer to ‘1 million is equivalent to’ is option C. 1000 Thousands or 10 Lakh

Complete Answer:

Option A: 10 Thousands

• 10,000 is equivalent to ten thousand, which is much smaller than one million.
• It only has four zeros (10,000), while one million has six zeros.

Option B: 100 Thousands or 1 Lakh

• 100,000 is equivalent to one hundred thousand, which is also smaller than one million.
• It only has five zeros (100,000), one less than a million.

Option C: 1000 Thousands or 10 Lakh

This is a universally accepted numerical value where the term “million” represents one followed by six zeros in the international number system.

Option D: 1 Crore

• 10,000,000 is equivalent to ten million, which is ten times greater than one million.
• It has seven zeros (10,000,000), one more than a million.

Thus, the correct answer is Option C, which means 1 million is equivalent to 1000 Thousands or 10 Lakh

Types of Number Systems

To understand how much a 1 million is equivalent to, let us understand the two types of number systems, which are as follows:

A. International Number System: In this number system, numbers are grouped in sets of three digits (starting from the right).

Place Value Chart:

Place	Value	Example
Ones	1-9	1,2,9
Tens	10-90	20,90
Hundreds	100-900	500, 700
Thousands	1,000-999,000	25,000
Millions	1,000,000	1,000,000
Billions	1,000,000,000	2,000,000,000

B. Indian Number System:  In this number system, numbers are grouped as 3 digits (rightmost) + 2 digits + 2 digits, and so on.

Place Value Chart:

Place	Value	Example
Ones	1-9	5,9
Tens	10-90	30,70
Hundreds	100-900	200,600
Thousands	1,000-99,000	15,000
Lakhs	1,00,000	12,00,000
Crores	1,00,00,000	5,00,00,000

Conversion Between Number Systems

International Number System	Indian Number System
1 Thousand (1,000)	1 Thousand (1,000)
10 Thousand (10,000)	10 Thousand (10,000)
100 Thousand (100,000)	1 Lakh (1,00,000)
1 Million (1,000,000)	10 Lakhs (10,00,000)
10 Million (10,000,000)	1 Crore (1,00,00,000)
1 Billion (1,000,000,000)	100 Crores (1,00,00,00,000)

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