Statement I: - USB drives are also known as flash drives. A USB flash drive is a device used for data storage that includes a flash memory and an integrated Universal Serial Bus (USB) interface. Most USB flash drives are removable and rewritable. Physically, they are small, durable, and reliable. The larger their storage space, the faster they tend to operate. USB flash drives are mechanically very robust because there are no moving parts. They derive the power to operate from the device to which they are connected (typically a computer) via the USB port. A USB flash drive may also be known as a flash drive, USB drive, USB stick, USB thumb drive, or pen drive. ?Hence statement 1 is correct. Statement II:- Device used by banks to automatically read those unusual numbers on the bottom of cheques and deposit slips is known as MICR. Magnetic ink character recognition (MICR) is the string of characters at the bottom left of a personal cheque that includes the account, routing, and check numbers. MICR numbers are designed to be readable by both individuals and sorting equipment. They can't be faked or copied, due to the use of magnetic ink and unique fonts. The benefits of the technology include enhanced security against fraud and mechanization of check processing. MICR was developed in the late 1950s and is now in use globally. ?Hence statement II is correct. Thus both Statement I and Statement II are true.