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MICR magnetic ink character recognition used in

This question belongs to Management Management Information System (MIS)
Management Information System (MIS)
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MICR magnetic ink character recognition used in ________.

Answer & Solution
Correct Answer: Option B
MICR magnetic ink character recognition used in Banks. 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.
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