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MAHARASHTRA STATE COUNCIL OF EXAMINATION, PUNE OBJECTIVE QUESTION GCC TBC 30WPM 21 Jan 2019 Marathi 30WPM BATCH1004 PROVISIONAL ANSWER KEY Sr. No 12 34 5 678 910111213Question Magnetic ink ___ readers
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Magnetic ink is specially designed ink that contains particles that can be magnetized for the purpose of secure document processing and verification.
Individuals or businesses that need to process secure documents such as checks, financial forms, and other sensitive materials are required to use magnetic ink.
To fill out magnetic ink, use a special magnetic ink character recognition (MICR) encoding machine or printer to print the required information in a specific format using magnetic ink.
The purpose of magnetic ink is to enhance security and efficiency in processing documents by allowing for automated reading and verification of information through magnetic scanning technology.
The information reported on magnetic ink typically includes account numbers, routing numbers, check amounts, and other pertinent details needed for processing financial transactions.
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