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?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. There are two major MICR fonts in use: E-13B and CMC-7. E-13B has a 14 character set, while CMC-7 has 15—the 10 numeric characters along with control characters.
More Computer knowledge Questions
- The selling price of an item when it is sold at a profit of 30% is Rs. 650. Find the percentage loss if the item is sold for Rs. 500.
- The product of two consecutive even integers is 960. Find the product of digits of the bigger number.
Find the equation if a point P(x, y) is equidistant from A(7, 3) and B(-3, 7).
- The ratio of M to N is 4:9, and that of N to O is 3:2. If the difference between O and M is 60, what is the total of M, N, and O?
- Two successive discounts of 25% and 10% is equivalent to a single discount of how much percentage?
- Meena can paint a house in 24 days. If Meena and Reena together can complete it in 15 days, then how many days will Reena take to finish the work on her ow...
- The cost price of a product is Rs. 400. The shopkeeper marks it 25% above the cost price and then offers a discount of 10%. Calculate the overall gain or l...
- Priya needs to travel from town 'X' to town 'Y'. If she drives at a steady speed of 60 km/h, she arrives 36 minutes early. However, if she drives at 40 km/...
- If 40% of 'P' is equal to 125% of 20% of 'Q', then find the ratio of 3P : Q.
