India Exam Junction
[Revenue Patwari Mains Sept, 2021]
20. MICR stands for :
Magnetic Ink Character Reader
Magnetic Ink Cases Reader
Magnetic Ink Code Reader
Manager Incharge Case Reader
Correct Answer :
Magnetic Ink Character Reader
Solution
MICR (Magnetic Ink Character Reader) is a technology used primarily in the banking industry to read the information printed in magnetic ink on checks and other documents. It ensures secure and efficient processing of financial transactions.