In financial security and check validation setups, what does the primary acronym MICR mean? MCQ with Answer and Explanation

In financial security and check validation setups, what does the primary acronym MICR mean?
A. Management Ink Character Registration
B. Magnetic Ink Character Recognition
C. Magnetic Ink Character Reader
D. Magnetic Information Code Recognition
Answer: Option B
Solution (By JKSSB Mock Tests)
The banking acronym MICR represents Magnetic Ink Character Recognition, analyzing specialized iron oxide symbol sequences on banking documents.

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