GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What method is used by the Bank to read code on cheque
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OCR
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OMR
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MICR
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None of these
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Explanation:
Detailed explanation-1: -A scanner, or reader-sorter computerized machine, is used to process the information magnetically printed on the checks, including routing number, account number, and check number. MICR is the reason why checks are so uniform in their format.
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