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    Question

    MICR code, is a technology used mainly by the banking

    industry to ease the processing and clearance of cheques and other documents. In MICR what does 'C' stands for?
    A Computer Correct Answer Incorrect Answer
    B Coded Correct Answer Incorrect Answer
    C Character Correct Answer Incorrect Answer
    D Compact Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Magnetic Ink Character Recognition code, known in short as MICR code, is a character-recognition technology used mainly by the banking industry to ease the processing and clearance of cheques and other documents.┬аThere are two major MICR fonts in use: E-13B and CMC-7. E-13B has a 14 character set, while CMC-7 has 15тАФthe 10 numeric characters along with control characters.

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