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On a cheque, MICR stands for:

AMagnetic Internal Code Reader
BMagnetic Ink Character Recognition
CMicro Ink Character Reading
DMagnetic Ink Code Recognition
Answer & Solution
Correct answer: B. Magnetic Ink Character Recognition
1. The question asks: On a cheque, MICR stands for. 2. Correct answer: Magnetic Ink Character Recognition. 3. MICR is the magnetic-ink line read by cheque-processing machines. _Source: BOI Quick Revision — General Banking & Financial Awareness (2020), Cheques_
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