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In Banks we use MICR cheques. What does this 'MICR' stand for?

In Banks we use MICR cheques. What does this 'MICR' stand for? Correct Answer Magnetic Ink Character Reader

আমেরিকান সঙ্গীত ঐতিহ্যে নতুন কাব্যিক অভিব্যক্তি প্রবর্তনের জন্য ২০১৬ সালে সাহিত্যে ১১৩ তম ব্যক্তি হিসেবে নোবেল পুরস্কার পান মার্কিনি গায়ক ও গীতিকবি বব ডিলান। তিনি ১৯৪১ সালে যুক্তরাষ্ট্রের মিনেসোটা রাজ্যের ডুলুথে জন্মগ্রহণ করেন। ২০১৭ সালে সাহিত্যে নোবেল পুরস্কার পান জাপানিব বংশোদ্ভুত ব্রিটিশ সাহিত্যিক কাজুও ইশিগুরো।

Related Questions

Which of the following statements are true in context of scheduled banks?
1. All banks which are included in the Second Schedule to the Reserve Bank of India Act, 1934 are Scheduled Banks.
2. These banks comprise Scheduled Commercial Banks and Scheduled Co-operative Banks.
3. Scheduled Commercial Banks in India are categorized into five different groups - SBI, Nationalised Banks, Regional Rural Banks, Foreign Banks and Other Indian Scheduled Commercial Banks in the private sector.
4. Scheduled Co-operative Banks consist of Scheduled State Co-operative Banks and Scheduled Urban Co-operative Banks.
Raj Goyal has bank account in XYZ bank. According to his cash book, his bank balance on 31 March was Rs. 7,340. He sent the cheques of Rs. 3,450 to his bank for collection but cheques amounting to Rs. 345 were not collected by that date. Out of the cheques issued by him towards payment of his debts, cheques of Rs. 790 were not presented for payment. What is the balance as shown by his bank passbook?
In a stadium there are four stands Rajiv Gandhi stand, Sunil Gavaskar stand, Venkatesh Prasad stand and Pt. Din Dayal stand in which seats are alloted to commuters. The number of vacant  seats in Rajiv Gandhi stand, Sunil Gavaskar stand, Venkatesh Prasad stand and Pt. Din Dayal stand are 11, 8, 13 and 7 respectively. Anil is buying a ticket find the probability that he get a seat in Venkatesh Prasad stand.
Defining green banking is relatively easy. It means promoting environment -friendly practices and reducing your carbon footprint from your banking activities. This comes in many forms : using online banking instead of branch banking; paying bills online, opening up CDs (certificates of deposit) and money market accounts at online banks instead of large multi-branch banks. A green bank takes the biggest steps to support local green initiatives. Any combination of the above personal banking practices can help the environment. In this respect, online banks and smaller community banks have better track records than larger banks .However, these larger banks may be induced to go green . According to the passage, larger, multi -branch banks .
In 2012, Reserve Bank of India (RBI), Reduced the validity period of Cheques, Demand Drafts, Pay Orders and Banker's Cheques from 6 months to 3 months, from the date of issue of the instrument. Which section in the Negotiable Instruments Act, 1881, deals with Cheques?
The following is the information available of X Limited as on 31st March 2018. 1. Overdraft as per the cash book Rs. 7,300 2. Cheques paid into the bank account but not credited Rs. 3,400 3. Cheques issued but not presented for payment Rs. 450 4, Bank charges debited in the passbook Rs. 70 5. Cheques directly deposited by the customer into the bank account Rs. 3,000. What is the overdraft value as per the bank passbook?
Which of the following statements are true in context of Statutory Liquidity Ratio (SLR)?
1. They are regulated under Banking Regulation Act 1949.
2. It is mandatory for all scheduled commercial banks, local area banks, Primary (Urban) co-operative banks (UCBs), state co-operative banks and central co-operative banks in India to maintain the SLR.
3. Banks get a return on SLR.
In the question below are given four statements followed by four conclusions numbered I, II, III and IV. You have to take the given statements to be true even if they seem to be at variance with commonly known facts. Read all the conclusions and then decide which of the given conclusions logically follows from the given statements disregarding commonly known facts. Statements: Some police stations are hospitals. Some hospitals are schools. All hospitals are banks. Conclusions: I. Some banks are schools II. Some police stations are banks. III. Hospitals which are schools are also banks. IV. Schools which are banks are also hospitals.
Statement : Many private sector banks have reduced interest rate on housing loans in comparison to public sector banks.

Courses of Action :
I. The case should be raised before the regulatory authority for investigation by the public sector banks as they cannot follow such reduction.
II. Public sector banks must adopt such policy to remain in competition.
III. The public sector banks should advertise their special feature repeatedly so that they do not lose their future customers.
Reserve Bank of India controls the activities of which of the following banks in India?
1. Commercial banks
2. Cooperative banks
3. Foreign banks
4. Rural banks