GK
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Magnetic ink character recognition
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Magnetic initiate character recognition
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Magnetic internal character recognition
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Magnetic ink character reward
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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 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.
Detailed explanation-3: -The full form of MICR is Magnetic Ink Character Recognition. 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.