Using Torricelli's law, the discharge rate through the orifice is given by:
\[
Q = C_d A \sqrt{2gh}
\]
where:
- \( C_d \) is the discharge coefficient (assumed to be 1 for frictionless flow),
- \( A = \frac{\pi d^2}{4} \) is the area of the jet,
- \( h \) is the height of the water in the tank.
The time for the water level to drop from \( h_1 \) to \( h_2 \) is:
\[
\text{time} = \frac{\Delta V}{Q}
\]
where \( \Delta V \) is the volume of water discharged, and \( Q \) is the discharge rate.
The change in volume is:
\[
\Delta V = A_{\text{tank}} (h_1 - h_2) = \pi \left(\frac{D}{2}\right)^2 (h_1 - h_2)
\]
Substituting the given values and solving for time:
\[
\Delta V = \pi \left(\frac{1}{2}\right)^2 (2 - 1) = 0.785 \, \text{m}^3
\]
Now, calculate the discharge rate \( Q \):
\[
A = \frac{\pi (0.1)^2}{4} = 0.00785 \, \text{m}^2
\]
\[
Q = 1 \times 0.00785 \times \sqrt{2 \times 10 \times 2} = 0.00785 \times 6.32 = 0.0496 \, \text{m}^3/\text{s}
\]
Finally, the time taken is:
\[
\text{time} = \frac{0.785}{0.0496} \approx 17.5 \, \text{seconds}.
\]
Thus, the time taken for the water level to come down to 1 m is \( \boxed{17.5} \, \text{seconds}. \)