Banking Computers RBI Assistant Online Exam Held on 23-09-2014

  • question_answer MICR stands for

    A)  Magnetic Ink Character Reader

    B)  Magnetic Ink Code Reader

    C)  Magnetic Ink Case Reader

    D)  Magnetic Input Character Reader

    E)  Magnetic Instant Code Reader

    Correct Answer: A

    Solution :

    [a] MICR stands for Magnetic Ink Character Reader. It is a character recognition system that uses special ink and characters. When a document that contains this ink needs to be read, it passes through a machine, which magnetizes the ink and then translates the magnetic information into characters. MICR technology is used by banks.


You need to login to perform this action.
You will be redirected in 3 sec spinner