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Question

In processing cheques which of the following I/O techniques have banks traditionally followed?

a.

OCR (Optical Character Recognition)

b.

MICR (Magnetic Ink Character Recognition)

c.

Barcode

d.

VRT (Volume Rendering Technique)

Posted under IT Fundamentals

Answer: (b).MICR (Magnetic Ink Character Recognition)

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Q. In processing cheques which of the following I/O techniques have banks traditionally followed?