In processing of cheques which of the following technology is helpful to the banks ?

 In processing of cheques which of the following technology is helpful to the banks ? 

a) OMR b) Barcode c) MICR d) OCR
by

1 Answer

Answer :

 In processing of cheques which of the following technology is helpful to the banks ? 

a) OMR b) Barcode c) MICR d) OCR

by

Related questions

What is difference between banks & HFCs? A. HFCs cannot accept demand deposits B. It cannot issue cheques drawn on itself C. deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of HFCs D. All of the Above E. None of the Above

Description : What is difference between banks & HFCs? A. HFCs cannot accept demand deposits B. It cannot issue cheques drawn on itself C. deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of HFCs D. All of the Above E. None of the Above

Last Answer : D. All of the Above Explanation: HFCs are doing functions similar to banks as banks also provides housing loans. However, there are a few differences as given below: ♦ HFCs cannot accept demand ... Credit Guarantee Corporation(DICGC) is not available to depositors of HFCs, unlike in case of banks.

Large amount of cheques are processed by using (a) OCR (b) MICR (c) OMR (d) All of the above -Technology

Description : Large amount of cheques are processed by using (a) OCR (b) MICR (c) OMR (d) All of the above -Technology

Last Answer : (b) Large amount of cheques are processed by the MICR (Magnetic Ink Character Recognition). It can read characters that are printed using a special magnetic ink. It is mostly used in banks.

Which of the following is the product of data processing:

Description : Which of the following is the product of data processing:  (A) Information (B) Data (C) Software programme (D) System

Last Answer : Which of the following is the product of data processing: Information 

Which of the following are components of Central Processing Unit (CPU)?

Description : Which of the following are components of Central Processing Unit (CPU)?  (A) Arithmetic logic unit, Mouse  (B) Arithmetic logic unit, Control unit  (C) Arithmetic logic unit, Integrated Circuits  (D) Control Unit, Monitor

Last Answer : Which of the following are components of Central Processing Unit (CPU)?  (A) Arithmetic logic unit, Mouse  (B) Arithmetic logic unit, Control unit  (C) Arithmetic logic unit, Integrated Circuits  (D) Control Unit, Monitor

How can my employer send me signed cheques from Korea ?

Description : How can my employer send me signed cheques from Korea ?

Last Answer : Yes he is able to have a digital signature developed and when he submits his authorizion and signoff for the payables processed while he is gone and when you print the checks the signature will appear on the checks.

Write a short note on 'cheques'. -SST 10th

Description : Write a short note on 'cheques'. -SST 10th

Last Answer : A deposit in a Bank offers the customer the facility of issuing cheques. A cheque is a paper instructing the bank to pay a specific amount from the person's account to the person in whose name ... any payment of cash. This is a safe mode of transferring money avoiding the possibility of any theft.

Bouncing of cheques has become an offence -General Knowledge

Description : Bouncing of cheques has become an offence -General Knowledge

Last Answer : The answer is '6 months imprisonment'

Bouncing of cheques has become an offence. What is the punishment for the same? -Do You Know?

Description : Bouncing of cheques has become an offence. What is the punishment for the same? -Do You Know?

Last Answer : answer:

Bouncing of cheques has become an offence. What is the punishment for the same? -General Knowledge

Description : Bouncing of cheques has become an offence. What is the punishment for the same? -General Knowledge

Last Answer : answer:

It is not necessary to record dishonour of cheques in the cash book.

Description : It is not necessary to record dishonour of cheques in the cash book.

Last Answer : State whether the following statement are True or False with reason : It is not necessary to record dishonour of cheques in the cash book.

In case of a company, “Buy Back” is related to– (A) Prospectus (B) Shares (C) Debentures (D) Cheques

Description : In case of a company, “Buy Back” is related to– (A) Prospectus (B) Shares (C) Debentures (D) Cheques

Last Answer : Answer: Shares

"Legal Tender Money" refers to : (1) Cheques (2) Drafts (3) Bill of exchange (4) Currency notes

Description : "Legal Tender Money" refers to : (1) Cheques (2) Drafts (3) Bill of exchange (4) Currency notes

Last Answer : (4) Currency notes Explanation: Legal tender is a medium of payment allowed by law or recognized by a legal system to be valid for meeting a financial obligation. Paper currency and coins are common ... tender in many countries. Legal tender money is a type of payment that is protected by law.

Bank money refers to - (1) currency notes (2) coins (3) gold bullions (4) cheques

Description : Bank money refers to - (1) currency notes (2) coins (3) gold bullions (4) cheques

Last Answer : (4) cheques Explanation: There are two types of money in a fractional-reserve banking system, currency originally issued by the central bank, and hank deposits at commercial banks: (1) ... created in the banking system through borrowing and lending) - sometimes referred to as chequebook money.

The permission given to a bank customer to draw cheques in excess of his current account balance is called - (1) a personal loan (2) an ordinary loan (3) discounting a bill of exchange (4) an overdraft

Description : The permission given to a bank customer to draw cheques in excess of his current account balance is called - (1) a personal loan (2) an ordinary loan (3) discounting a bill of exchange (4) an overdraft

Last Answer : (4) an overdraft Explanation: Overdrafts is an extension of credit from a lending institution when an account reaches zero. An overdraft allows the individual to continue withdrawing money even if the ... available balance goes below zero. In this situation the account is said to be "overdrawn."

The bank cheques are processed by using - (1) OCR (2) MICR (3) OMR (4) PMR

Description : The bank cheques are processed by using - (1) OCR (2) MICR (3) OMR (4) PMR

Last Answer : (2) MICR Explanation: Magnetic Ink Character Recognition, or MICR, is a character recognition technology used primarily by the banking industry to facilitate the processing of cheques and makes up the ... are printed in special typefaces with a magnetic ink or toner, usually containing iron oxide.

The law regarding negotiable instruments is contained in __________ A. The Bill of exchange Act 1881 B. The Banking Regulation Act 1949 C. Cheques Act, 1881 D. The Negotiable Instruments Act, 1881

Description : The law regarding negotiable instruments is contained in __________ A. The Bill of exchange Act 1881 B. The Banking Regulation Act 1949 C. Cheques Act, 1881 D. The Negotiable Instruments Act, 1881

Last Answer : D. The Negotiable Instruments Act, 1881 Explanation: The Negotiable Instruments Act, 1881 – An Act to define and Law relating to negotiable instruments which are Promissory Notes, Bills of Exchange and cheques.

Alterations, if any, on cheques are required to be authenticated by the signature of _______ A. Payee B. Depositor C. Drawer D. Endorse E. All of the above

Description : Alterations, if any, on cheques are required to be authenticated by the signature of _______ A. Payee B. Depositor C. Drawer D. Endorse E. All of the above

Last Answer : C. Drawer Explanation: Alterations, if any, on cheques are required to be authenticated by the drawer‘s signature against each such alteration.

Which of the following section of Negotiable Instruments Act, 1881 deals with Cheques? A. Section 4 B. Section 5 C. Section 6 D. Section 7 E. None of the Above

Description : Which of the following section of Negotiable Instruments Act, 1881 deals with Cheques? A. Section 4 B. Section 5 C. Section 6 D. Section 7 E. None of the Above

Last Answer : C. Section 6 Explanation: The section 6 of the Negotiable Instruments Act, 1881 deals with Cheques.

Bouncing of cheques has become an offence. What is the punishment for the same?

Description : Bouncing of cheques has become an offence. What is the punishment for the same?

Last Answer : 6 months imprisonment

Money order payable to a person who is not permanent resident within the jurisdiction of office of payment a) Will not be paid b) Payment will be made only through cheques c) Payment will be made only by the postmaster d) Can be paid in the normal course on satisfactory proof of identity of the person in the MO

Description : Money order payable to a person who is not permanent resident within the jurisdiction of office of payment a) Will not be paid b) Payment will be made only through cheques c) Payment will be made only ... d) Can be paid in the normal course on satisfactory proof of identity of the person in the MO

Last Answer : d) Can be paid in the normal course on satisfactory proof of identity of the person in the MO

ACG 28 denotes ----------- a. Register of dishonoured Cheque b. Register of cheques received and cleared c. None of these

Description : ACG 28 denotes ----------- a. Register of dishonoured Cheque b. Register of cheques received and cleared c. None of these

Last Answer : b. Register of cheques received and cleared

Q6 All cheques , Bills etc preferable at a treasury for payment being non negotiable instruments can be endorsed only once .The above said statement isa. True b. False

Description : Q6 All cheques , Bills etc preferable at a treasury for payment being nonnegotiable instruments can be endorsed only once . The above said statement is a. True b. False

Last Answer : a. True

Which of the following is known as plastic money ? 1. bearer cheques 2. credit cards 3. demand dreafts 4. gift cheques 5. None of these

Description : Which of the following is known as plastic money ? 1. bearer cheques 2. credit cards 3. demand dreafts 4. gift cheques 5. None of these

Last Answer : credit cards

E‐cheques are ………………… a.Prepaid b.Postpaid c. Both prepaid and postpaid

Description : E‐cheques are ………………… a.Prepaid b.Postpaid c. Both prepaid and postpaid

Last Answer : a.Prepaid

If you want to ensure that your money will be secured if cheques sent are wasted in the post, you should A) Always pay by cash B) Cross your Cheques ‘Account Payee only, Not Negotiable.’ C) Always get the money in person D) Not use the postal service in future

Description : If you want to ensure that your money will be secured if cheques sent are wasted in the post, you should A) Always pay by cash B) Cross your Cheques ‘Account Payee only, Not Negotiable.’ C) Always get the money in person D) Not use the postal service in future

Last Answer : Answer: B

The bank cheques are processed by using (1) OCR (2) MICR (3) OMR (4) PMR

Description : The bank cheques are processed by using (1) OCR (2) MICR (3) OMR (4) PMR 

Last Answer : MICR

Bank money refers to (1) currency notes (2) coins (3) gold bullions (4) cheques

Description : Bank money refers to (1) currency notes (2) coins (3) gold bullions (4) cheques

Last Answer : cheques

“Legal Tender Money” refers to : (1) Cheques (2) Drafts (3) Bill of exchange (4) Currency notes

Description : “Legal Tender Money” refers to : (1) Cheques (2) Drafts (3) Bill of exchange (4) Currency notes

Last Answer : Currency notes

The permission given to a bank customer to draw cheques in excess of his current account balance is called (1) a personal loan (2) an ordinary loan (3) discounting a bill of exchange (4) an overdraft

Description : The permission given to a bank customer to draw cheques in excess of his current account balance is called (1) a personal loan (2) an ordinary loan (3) discounting a bill of exchange (4) an overdraft

Last Answer : an overdraft

How can video conferencing be helpful to teachers? -Technology

Description : How can video conferencing be helpful to teachers? -Technology

Last Answer : Using video conferencing, teachers can communicate with different school teachers and students to discuss different topics or attend seminars online.

…….. is the meaningful content that is extracted from the data after processing. -Technology

Description : …….. is the meaningful content that is extracted from the data after processing. -Technology

Last Answer : Information is the meaningful content that is extracted from the data after processing.

In CPU, control unit performs the actual processing on the data. -Technology

Description : In CPU, control unit performs the actual processing on the data. -Technology

Last Answer : FalseIn CPU, control unit does not perform am actual processing instead it controls and guides the operations like a supervisor.

1. What is Word processing software? 2. Which type of software is Word processor? -Technology

Description : 1. What is Word processing software? 2. Which type of software is Word processor? -Technology

Last Answer : 1. Word processing software is an application software that helps to create text based documents. It also processes paragraphs, pages and entire papers.2. General purpose application software.3. ... . Microsoft Word, WordPerfect (Windows only), AppleWorks (Mac only) and OpenOffice.org Writer.

Which type of software is designed to perform specific, personal, business or scientific processing tasks? (a) System (b) Application -Technology

Description : Which type of software is designed to perform specific, personal, business or scientific processing tasks? (a) System (b) Application -Technology

Last Answer : (b) Application software is a computer software which is designed to help the user to perform some specific or personal tasks.

What do you mean by the processing of data? -Technology

Description : What do you mean by the processing of data? -Technology

Last Answer : The restructuring or reordering of data by people or machine to turn it into some useful information is called processing of data.

Amoeba is an example of (a) Embedded OS (b) Distributed OS (c) Multi_User OS (d) Batch Processing OS -Technology

Description : Amoeba is an example of (a) Embedded OS (b) Distributed OS (c) Multi_User OS (d) Batch Processing OS -Technology

Last Answer : (b) Amoeba is an example of Distributed OS.

Spooling handles the overlapped processing of I/O and same job. -Technology

Description : Spooling handles the overlapped processing of I/O and same job. -Technology

Last Answer : FalseIt is a process of sending data to a spool or temporary storage area in the computer’s memory.

What do you mean by Processing Instructions (PI)? -Technology

Description : What do you mean by Processing Instructions (PI)? -Technology

Last Answer : PI can be used to pass information to applications in such a way that escapes most XML rules. Its main use is of linking to an XML stylesheet in the prolog of an XML document. ... internal syntax, it can include markup characters without escaping them and can appear anywhere in the document.

State the need for technical processing of library materials. -Technology

Description : State the need for technical processing of library materials. -Technology

Last Answer : Technical processing of library material is needed because of the following reasons: (i) to differentiate from the library material to non-library materials;(ii) to find out the physical condition of the newly ... books on the actual position on the shelves;(iv) to locate the books on the shelves.

Remote batch processing has the following characteristic(s): -Technology

Description : Remote batch processing has the following characteristic(s): -Technology

Last Answer : Refers to the below link http://bit.ly/2WbYKuO

Which one of the following functions is served most by information technology ? (A) Replacement of human labour (B) Provision for a handle to the management to improve industrial relations (C) Substitution of human information processing (D) Rationalisation of office work

Description : Which one of the following functions is served most by information technology ? (A) Replacement of human labour (B) Provision for a handle to the management to improve industrial relations (C) Substitution of human information processing (D) Rationalisation of office work

Last Answer : Answer: Rationalisation of office work

MCC is investigating the improvement of the relationship between people and computers through a technology called ___________ a) computer-aided design b) human factors c) parallel processing d) all of the mentioned

Description : MCC is investigating the improvement of the relationship between people and computers through a technology called ___________ a) computer-aided design b) human factors c) parallel processing d) all of the mentioned

Last Answer : b) human factors

Read the following four statements (A-D) about certain mistakes in two of them. (A) The first transgenic buffalo, Rosie produced milk which was human alpha-lactalbumin enriched. (B) Restriction enzymes are used in isolation of DNA from other macromolecules. (C) Downstream processing is one of the steps of rDNA technology. (D) Disarmed pathogen vectors are also used in transfer of rDNA into the host. Which of the two statements have mistakes? (a) B and C (b) C and D (c) A and C (d) A and B

Description : Read the following four statements (A-D) about certain mistakes in two of them. (A) The first transgenic buffalo, Rosie produced milk which was human alpha-lactalbumin enriched. (B) Restriction enzymes are used in isolation of DNA ... mistakes? (a) B and C (b) C and D (c) A and C (d) A and B

Last Answer : (d) A and B

The cake of which one of the following materials prepared with the comparable processing technology, contains the largest percentage of ‘N’ plant nutrient among all the materials given in the list ? (A) Coconut (B) Neem (C) Palm nut (D) Mahua (E) Karanj

Description : The cake of which one of the following materials prepared with the comparable processing technology, contains the largest percentage of ‘N’ plant nutrient among all the materials given in the list ? (A) Coconut (B) Neem (C) Palm nut (D) Mahua (E) Karanj

Last Answer : (C) Palm nut

Technology that helps companies change business by allowing them to use new methods is called a)data processing b)information system c)information technology d) virtualization

Description : Technology that helps companies change business by allowing them to use new methods is called a)data processing b)information system c)information technology d) virtualization

Last Answer : b)information system

The new technology which is emerging in the field of computer is (1) IC-technology (2) Parallel processing system (3) Semiconductor technology (4) Transistor technology

Description : The new technology which is emerging in the field of computer is (1) IC-technology (2) Parallel processing system (3) Semiconductor technology (4) Transistor technology

Last Answer : Transistor technology

In a Bank’s database, there are two tables ‘Customer’ and ‘Transaction’ as shown below. -Technology

Description : In a Bank’s database, there are two tables ‘Customer’ and ‘Transaction’ as shown below. -Technology

Last Answer : (i)Acc_No, Cust_Phone(ii)All the columns having capability to become Primary Key are known as Candidate Keys.(iii)Acc_No(iv)Trans_Id

In a Bank’s database, there are two tables ‘Customer’ and ‘Transaction’ as shown below. Write a query to display customer’s name who has -Technology

Description : In a Bank’s database, there are two tables ‘Customer’ and ‘Transaction’ as shown below. Write a query to display customer’s name who has -Technology

Last Answer : (i) Select cust_name from customer c,transaction t where c.Acc_No=t.Acc_No and Transaction_Type= 'Debit';(ii)Select cust_name, t.* from customer c, transaction t where c.Acc_No=t.Acc_No;(iii) ... total amount of all type of transactions, it will only display the total of credit transactions only.