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MICR stands for -

  • A.Magnetic ink character recognition
  • B.Magnetic initiate character recognition
  • C.Magnetic internal character recognition
  • D.Magnetic ink character reward

Answer: A

MICR stands for magnetic ink character recognition.

The characters along the bottom of a cheque are printed in ink containing iron oxide, which can be read magnetically even through a signature or a stamp. Banks use it to sort cheques at high speed.

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