In MICR, what does 'R' stand for? (Derived from context of previous questions)

Correct option is B

The correct answer is (b) Recognition
Explanation:
● MICR stands for Magnetic Ink Character Recognition.
● It is the process by which the machine identifies and translates the printed characters.
Information Booster:
● Sometimes 'R' is colloquially called 'Reader' (the machine), but technically it stands for 'Recognition.'
● Used specifically in the MICR line of a cheque.
Additional Knowledge:
● A cheque's MICR code has 9 digits, representing the City, Bank, and Branch.