MCQ IN COMPUTER SCIENCE & ENGINEERING

Detailed explanation-1: -A magnetic ink character recognition line (MICR) is a line of characters on a check printed with a unique ink that allows the characters to be read by a reader-sorter machine. Introduction of the MICR reader-sorter process allowed check processing to be automated while making it more difficult to counterfeit checks.

Detailed explanation-2: -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-3: -Characteristics of MICR code A MICR code is a nine-digit code that recognises the bank and branch involved in an ECS (Electronic Clearing System) uniquely. The MICR code is written next to the cheque number at the base of a cheque leaf.

Detailed explanation-4: -MICR ink is magnetic ink used for check–printing on Inkjet printers. MICR toner is used for check-printing on laser printers. There are two types of MICR toner: Originally Manufactured and Remanufactured MICR Toner.