Which of the following is the correct full form of MICR, widely used in the banking industry for processing cheques? MCQ with Answer and Explanation

Question
Which of the following is the correct full form of MICR, widely used in the banking industry for processing cheques?
A. Magnetic Information Character Reader
B. Magnetic Ink Character Recognition
C. Magnetic Internal Code Reader
D. Maximum Ink Character Rate
Answer: Option B
Solution (By JKSSB Mock Tests)
MICR stands for Magnetic Ink Character Recognition. It is a character recognition technology used mainly by the banking industry to ease the processing and clearance of cheques and other documents.
This question belongs to: Computer Computer Abbreviations
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What does the acronym PCI stand for in computer expansion slots?
A. Peripheral Component Interconnect
B. Personal Computer Interconnect
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Correct Answer: Option A

Explanation:
PCI stands for Peripheral Component Interconnect. It is a local computer bus for attaching hardware devices in a computer.
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What does the letter 'C' translate to within the text scanning abbreviation OCR?
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Correct Answer: Option B

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In OCR (Optical Character Recognition), the letter 'C' denotes specific textual typographic characters.
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What does the acronym SSD stand for in contemporary high-speed storage setups?
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Correct Answer: Option D

Explanation:
SSD stands for Solid State Drive. It leverages electronic solid-state semiconductor flash elements to remove physical rotational delays.
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