Question

Which of the following techniques is best suited for bank cheques?

• A. OCR
• B. OMR
• C. BAR Code
• D. MICR

Hint:

MICR is a secure method for cheque processing because it allows machines to quickly and accurately read printed numbers, which is essential in the banking industry.

Answer 1

The Correct Option is D

MICR (Magnetic Ink Character Recognition) is the technology used to process and clear cheques in many countries. It is best suited for bank cheques because it uses special magnetic ink to print characters that are recognized by machines. This technology enables fast processing and prevents fraud by making characters easily detectable by magnetic sensors.