Relevant Competitive Tests:
MICR stands for_________?
A. Magnetic ink character recognitionCorrect Answer
B. Magnetic Ink Code Reader
C. Magnetic Ink Cases Reader
D. None of these
Correct Option: A. Magnetic ink character recognition
Detailed Explanation & Reference:
Magnetic ink character recognition (MICR) is a technology used primarily to identify and process checks. MICR code is a code printed on cheques using MICR (Magnetic Ink Character Recognition technology). … An MICR code is a 9-digit code that uniquely identifies the bank and branch participating in an Electronic Clearing System (ECS).
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