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SSC MTS 2022 PYQ — Question 34

SSC MTS - 18 July 2022 - Shift 2 • General Awareness • Q34

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What does the R stand for in MICR?

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Correct answer: D

Explanation

The correct answer is Option 4 i.e. Recognition.

  • MICR (magnetic ink character recognition) is a technology invented in the 1950s that's used to verify the legitimacy or originality of checks and other paper documents.
  • It is a unique nine-digit code to identify a bank and branch participating in the ECS Credit scheme.
  • The RBI assigns every bank branch a unique MICR Code.