What does MICR stand for in banking hardware? MCQ with Answer and Explanation

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What does MICR stand for in banking hardware?

A. Modern Ink Color Reader

B. Memory Input Character Reader

C. Magnetic Ink Character Recognition

D. Magnetic Input Card Reader

Answer: Option C

Solution (By JKSSB Mock Tests)

MICR is used in cheque processing.

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Correct Answer: Option A

Explanation:
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Correct Answer: Option C

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Correct Answer: Option C

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