IBM stands for:

A) International Business Machines

B) International Internet Business

C) Internet Business Machines

D) None of these  

In banks, the data on cheques is read by the following device:

A) OCR

C) MICR

B) OMR

C) Barcode reader

MICR stands for Magnetic Ink Character Recognition. MICR refers to the line of numbers that appears at the bottom of a cheque. The MICR line is a group of three numbers, which are the cheque number, account number, and bank routing number.

Advertisements
Advertisements