COMPUTER FUNDAMENTALS

Detailed explanation-1: -MICR (magnetic ink character recognition) is a technology invented in the 1950s that’s used to verify the legitimacy or originality of checks and other paper documents. Special ink, which is sensitive to magnetic fields, is used to print certain characters on the original documents.

Detailed explanation-2: -MICR is short for Magnetic Ink Character Recognition. It is a technology mainly used in the banking industry to verify the legitimacy of documents. It helps in streamlining the processing and clearance of various banking documents such as cheques.

Detailed explanation-3: -The correct answer is Magnetic Ink Character Recognition.

Detailed explanation-4: -MICR code (Magnetic Ink Character Recognition Code) is a pattern recognition system used mostly by the bank industry to identify the document’s originality and to enable the processing and approval of cheques and other papers. It is a technology that is used with the help of specific characters and ink.