S

Sikhar Chaudhary • 4.52K Points
Extraordinary Computer 

Q. MICR technology is mainly used by banking industry. MICR denotes _______.

  • (A) Magnetic Ink Character Recognition
  • (B) Magnetic Ink Computer Reading
  • (C) Management Ink Check Reading
  • (D) Magnetic Ink Code Recognition
Correct Answer - Option(A)
Explanation by: Sikhar Chaudhary 
MICR stands for Magnetic Ink Character Recognition. MICR Code is a character-recognition technology used mainly by the banking industry to ease the processing and clearance of cheques and other documents. Unlike barcodes and similar technologies, MICR characters can be read easily by humans.

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