Knowledge Place

Image-based clearing system or Cheque Truncation System may be a project undertaken by the reserve bank of india for quicker clearing of cheques. Cheque truncation system is essentially an internet image based mostly cheque clearing system where cheque pictures and MICR (Magnetic Ink Character Recognition) information ar captured at the aggregation bank branch and transmitted electronically. Truncation means that stopping the flow of the physical cheques issued by a drawer to the cheque payer branch. The physical instrument is truncated at some purpose en-route to the cheque payer branch and an electronic picture or image of the cheque is distributed to the payer branch at the side of the relevant data just like the MICR fields information of presentation presenting banks etc. cheque truncation would eliminate the need to move the physical instruments across branches except in exceptional circumstances. this might end in effective reduction within the time required for cheques pa...

First Generation Computer (1946-1959) The computers produced during the period 1946-1959 with the them technology are regarded as the first generation computer. These computers were manufactured with the vacuum tubes, electronic values, triodes, and diodes etc. as their basic elements. These tubes were used in the arithmetic and logical operations. Advantages: They were capable of making arithmetic and logical operations. They used the electronic values in place of the key punch machines or the unit records machines. Disadvantages: They were too big in size very slow, low level of accuracy and reliability. They consumed lot of electricity, generated a lot of heat and break down frequently. They had very low storage capacity and used machine language. Second Generation Computers (1959-1965) The computers produced during the period 1959-1965 with technology are known as second generation computers. These computers used transistors in place of vacuum tu...

Sometime you will notice that the results of search process are not quite what you are looking for. It is because of the wrong selection of search keyword. So, before typing the keywords take care of the following for an accurate search: 1. Avoid asking questions:  Avoid to type questions in the search box of search engine because se3arch engine searches each word separately and displays the results which are not very much useful, e.g. typing “Who is the president of India” will show you hundreds of useless links containing words who, president, India etc. 2. Be specific:  Use specific words only instead of general words to search information e.g. to search information for Indian Railways type Indian Railways rather than just railways. 3. Use Quotes for Phrases:  If you want to search for the web page containing exact phrase, then type the phrase on quotes to avoid individual word search e.g. to search the books of “Tiger”. 4...

How the Web Works:  Today we will tell you how the web works? Web documents can be linked together (on the web servers) because they are created in a hypertext markup language or HTTP format . Hypertext system provides an easy way to manage large collections of data, which can include text files, pictures, sounds, movies and more. To support hypertext documents the web servers special protocol called the hypertext transfer protocol or HTTP. The language allows a document’s author to embed hypertext links also called hyperlinks or just links in the document. Hypertext links/ HTTP are the foundations of the World Wide Web ro WWW. What is Website: A collection of related pages is called website. Websites are housed on Web servers which are internet host computers that often store thousands of individual pages. Copying a page onto a server is called publishing the page, but the process is also called posting or uploading.