The correct answer is (a) Bank.
MICR (Magnetic Ink Character Recognition) is a technology that uses magnetic ink to encode information on checks and other documents. This information can then be read by machines, which makes it possible to process these documents more quickly and accurately.
MICR is used in a variety of industries, but it is most commonly used in the banking industry. Banks use MICR to process checks, which is a very important part of their daily operations. MICR is also used in the stock market and in the insurance industry.
MICR is a very efficient and accurate way to process documents. It is also a very secure way to process documents, as the magnetic ink cannot be easily altered.
Here is a brief description of each option:
(a) Bank: Banks use MICR to process checks, which is a very important part of their daily operations. MICR is also used in the stock market and in the insurance industry.
(b) Hotel: Hotels do not typically use MICR.
(c) Education: Schools and universities do not typically use MICR.
(d) Hospital: Hospitals do not typically use MICR.