Correct option is B)
Let us convert the given numerals into words as follows:
44,00,000=Forty four lakh
56,000=Fifty six thousand
700=Seven hundred
60=Sixty
5=Five
Now, combine the numbers in words as shown below:
Fourty four lakh fifty six thousand seven hundred sixty five.
Hence, the Indian number system is fourty four lakh fifty six thousand seven hundred sixty five.