Computer MCQs: 1,296 practice questions with answer choices and available explanations. Page 82 of 87.

Computer MCQs

Showing page 82 of 87 · 1,296 total solved questions available.

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A.Color
B.Character
C.Computer
D.Code
Explanation: Magnetic ink character recognition code , known in short as MICR code, is a character recognition technology used mainly by the banking industry to streamline the processing and clearance of cheques and other documents. MICR encoding, called the MICR line, is at the bottom of cheques and other vouchers and typically includes the document-type indicator, bank code, bank account number, cheque number, cheque amount (usually added after a cheque is presented for payment), and a control indicator. The format for the bank code and bank account number is country-specific. The technology allows MICR readers to scan and read the information directly into a data-collection device. Unlike barcode and similar technologies, MICR characters can be read easily by humans. MICR encoded documents can be processed much faster and more accurately than conventional OCR encoded documents.

Submitted by: Academy of Pakistan

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