No, it's the resolution of the converter, and refers to the number of bits (binary) used - so 10 bit can go from B'0000000000' to B'1111111111'. which is 0-1023 decimal. An 8 bit A2D goes from 0-255.
and what means 10MIPS
does this mean that is can do 10milion times a second one command.???
MIPS is 'Million Instructions Per Second', it's likely to be quoted using the fastest command the processor can execute (usually different commands take different amounts of time).
My latest tutorial is about using the 10 bit A2D in PIC processors, and I discuss the reasons behind the choices I make.
Basically with a 10 bit A2D you potentially have around 0.1% resolution, you can scale the input to give any voltage range you want - but the output will always be 0-1023, you can multiply/divide this to give the correct voltage readings.
While it's potentially 0.1%, you're not going to achieve that in practice, for that matter how would you calibrate it? - but generally that degree of accuracy isn't required.