Question : The bank cheques are processed by using:
Option 1: OCR
Option 2: MICR
Option 3: OMR
Option 4: PMR
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Correct Answer: MICR
Solution : The correct option is MICR.
MICR, which stands for Magnetic Ink Character Recognition, is used to process bank checks. Using a special ink containing magnetic particles, MICR technology prints characters on the bottom of the check. This enables the reading of the data by specialized machines to process checks efficiently and accurately. Routing, account, and check numbers from the bank are frequently included in the details. In order to automate the handling of checks, this technology is commonly employed in the banking sector.
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