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SSC Selection Post 2022 PYQ — Question 48

SSC Selection Post - Matriculation Level 2022 - 2 Feb 2022 - Shift 3 • General Awareness • Q48

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In the context of banking, which of the following does the letter 'M' stand for in MICR?

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Correct answer: C

Explanation

The correct answer is option 3 i.e. Magnetic.

MICR(Magnetic Ink Character Recognition), is a banking technology used to securely and efficiently process cheques and financial documents. It involves printing special characters with magnetic ink containing iron oxide, typically on the bottom of cheques.

  • These characters, forming the MICR line, include the bank routing number, account number, and cheque number. MICR readers magnetize and read these characters, ensuring fast and accurate data capture—even on damaged or marked cheques. Standard fonts like E-13B or CMC-7 are used for reliability.
  • MICR offers high speed, accuracy, and security, making forgery difficult. In India, the MICR code is a 9-digit identifier printed on cheques to identify bank branches.