What is 1 billion ÷ 1000?
10 lakh
10 lakh is correct.
In the Indian system, 1 lakh = \(10^5\), 1 crore = \(10^7\), and in the international system 1 billion = \(10^9\) = 100 crore.
Dividing: \(10^9 \div 10^3 = 10^6\).
\(10^6 = 10 \times 10^5\), which is 10 lakh (one million).
In words, one billion is a thousand million, so one-thousandth of it is one million, written 10,00,000 in Indian grouping.
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