IC71 mock test gives you free, chapter-wise MCQ practice for the Insurance Institute of India (III) Agricultural Insurance exam. The test covers all 15 chapters, carries 100 questions, runs for 2 hours, and awards no negative marks, exactly like the real III paper.
What IC71 Agricultural Insurance Exam Covers
IC71 is a professional-level paper conducted by the Insurance Institute of India under its Licentiate and Associateship programme. It tests knowledge of crop insurance, livestock insurance, weather-based products, and reinsurance practices in Indian agriculture.
Passing IC71 qualifies you to work as an underwriter, claims officer, or rural insurance specialist with general insurance companies in India.
IC71 Exam Pattern at a Glance
| Parameter | Details |
|---|---|
| Conducting Body | Insurance Institute of India (III) |
| Subject Name | Agricultural Insurance |
| Paper Code | IC71 |
| Total Questions | 100 Multiple Choice Questions |
| Duration | 2 Hours |
| Negative Marking | None |
| Passing Marks | 50 out of 100 |
| Mode | Online / Offline (as notified by III) |
| Language | English |
IC71 Syllabus – All 15 Chapters
Every IC71 mock test on this page maps directly to the official III syllabus. Study each chapter before attempting the corresponding practice set.
- Chapter 1: Glossary of Terms for Agriculture Insurance
- Chapter 2: Introduction to Indian Agriculture
- Chapter 3: Risk in Agriculture
- Chapter 4: History of Crop Insurance in India
- Chapter 5: Crop Insurance Design Considerations
- Chapter 6: Crop Insurance – Yield Index Based Underwriting and Claims
- Chapter 7: Weather Based Crop Insurance
- Chapter 8: Traditional Crop Insurance: Underwriting and Claims
- Chapter 9: Agriculture Insurance in Other Countries
- Chapter 10: Livestock and Cattle Wealth in Indian Economy
- Chapter 11: Types of Cattle and Buffaloes
- Chapter 12: Cattle Insurance in India
- Chapter 13: Poultry Insurance in India
- Chapter 14: Miscellaneous Agriculture Insurance Schemes
- Chapter 15: Agriculture Reinsurance
IC71 Mock Test – Chapter-Wise Practice Sets
Each chapter below links to a dedicated IC71 practice set with instant answers and explanations. Attempt every set at least 3 times for maximum retention.
| Chapter No. | Topic | Questions Per Set | Difficulty Level |
|---|---|---|---|
| Ch 1 | Glossary of Terms | 20 | Easy |
| Ch 2 | Introduction to Indian Agriculture | 25 | Easy |
| Ch 3 | Risk in Agriculture | 30 | Medium |
| Ch 4 | History of Crop Insurance in India | 25 | Medium |
| Ch 5 | Crop Insurance Design Considerations | 30 | Medium |
| Ch 6 | Yield Index Underwriting and Claims | 35 | Hard |
| Ch 7 | Weather Based Crop Insurance | 30 | Hard |
| Ch 8 | Traditional Crop Insurance | 30 | Medium |
| Ch 9 | Agriculture Insurance in Other Countries | 20 | Medium |
| Ch 10 | Livestock and Cattle Wealth | 25 | Easy |
| Ch 11 | Types of Cattle and Buffaloes | 20 | Easy |
| Ch 12 | Cattle Insurance in India | 30 | Medium |
| Ch 13 | Poultry Insurance in India | 25 | Medium |
| Ch 14 | Miscellaneous Agriculture Insurance Schemes | 25 | Medium |
| Ch 15 | Agriculture Reinsurance | 30 | Hard |
High-Weight IC71 Topics You Must Not Skip
Certain topics carry more questions in the IC71 exam than others. Focus extra time on these 5 areas to raise your score fast.
1. Pradhan Mantri Fasal Bima Yojana (PMFBY)
PMFBY is the flagship crop insurance scheme in India and appears in multiple IC71 questions across chapters 4, 5, and 8. Know the premium rates, coverage period, and indemnity levels in detail.
2. Yield Index vs. Weather Index Insurance
Yield Index insurance uses area-based output data while Weather Index insurance pays based on rainfall or temperature triggers. Questions from chapters 6 and 7 compare both models regularly.
3. Livestock and Cattle Insurance Products
Cattle insurance covers milch animals, drought animals, and bullocks against death due to accident or disease. Chapters 11 and 12 together contribute around 15 to 20 questions in the actual IC71 paper.
4. Reinsurance in Agriculture
Agriculture reinsurance protects insurers from catastrophic crop losses through quota share and stop-loss arrangements. Chapter 15 is short but carries 8 to 10 questions in many IC71 exam sets.
5. History and Evolution of Crop Insurance in India
India’s crop insurance history starts with the Pilot Crop Insurance Scheme of 1979. Chapter 4 traces every key scheme from 1972 to the current PMFBY structure. Expect 10 or more direct questions from this chapter.
How to Use the IC71 Mock Test for Best Results
Follow this 4-step approach to make every mock test session count.
Step 1 – Attempt a Full 100-Question Test First
Start with a full-length IC71 mock test before reading any chapter. Your first baseline score shows exactly which chapters need urgent attention.
Step 2 – Move to Chapter-Wise Tests
Attempt each chapter test immediately after reading that chapter. Aim to score above 70% in every chapter before moving forward.
Step 3 – Review Every Wrong Answer with Explanation
Reading the explanation for each wrong answer builds deeper retention than re-reading the textbook alone. Spend at least 5 minutes reviewing every incorrect response.
Step 4 – Repeat the Full Mock Test Before Exam Day
Take 3 to 4 full IC71 mock tests in the final week before your exam. Target 80 or above on each attempt. Candidates scoring 80 in mock tests consistently pass the actual IC71 exam.
Key IC71 Agricultural Insurance Terms You Must Know
These definitions appear directly in Chapter 1 and return as MCQ options in almost every IC71 practice paper.
- Threshold Yield: The guaranteed minimum yield per unit area used to calculate crop insurance claims under area-based policies.
- Indemnity Level: The percentage of threshold yield an insured farmer receives as compensation after a crop loss.
- Sum Insured: The maximum claim amount per hectare under a crop insurance policy, usually linked to the cost of cultivation.
- Area Approach: A method where all farmers in a defined insurance unit receive the same claim rate based on average area yield.
- Individual Approach: A method where claims are assessed at the individual farm level, applicable mainly for horticulture crops.
- Actuarial Premium: The scientifically computed premium rate that covers expected long-term losses for a crop in a zone.
- Strike Value: The pre-agreed weather parameter threshold at which a weather index insurance policy triggers a payout.
- Stop-Loss Reinsurance: An agriculture reinsurance arrangement where the reinsurer pays losses above a fixed percentage of the premium earned.
Government Crop Insurance Schemes Tested in IC71
The IC71 exam tests all major national crop insurance programmes. Know their launch year, coverage type, and premium structure.
- Pradhan Mantri Fasal Bima Yojana (PMFBY): Launched to provide affordable coverage for all crops at actuarial premium rates, with the government bearing the balance subsidy.
- Restructured Weather Based Crop Insurance Scheme (RWBCIS): Uses weather station data to pay farmers automatically when rainfall, temperature, or humidity crosses the strike value.
- Coconut Palm Insurance Scheme (CPIS): Covers coconut palms between 4 and 60 years of age against death due to natural calamities, fire, and pest attack.
- National Agricultural Insurance Scheme (NAIS): The predecessor to PMFBY, it used area-based yield assessment through crop cutting experiments conducted by state governments.
- Unified Package Insurance Scheme (UPIS): A bundled product that covers crops, assets, life, and personal accident of farmers under a single policy.
IC71 Preparation Tips Straight from Exam Toppers
These 6 study habits separate candidates who pass IC71 on their first attempt from those who need multiple tries.
- Read the III study material first: Every question in the official exam comes directly from the III-prescribed IC71 textbook.
- Make a 15-chapter schedule: Allocate 1 day per chapter. Finish all chapters in 15 days, then spend 5 days on mock tests.
- Focus on crop insurance schemes: Questions on PMFBY, NAIS, and RWBCIS make up at least 25% of each IC71 paper.
- Memorise key numbers: Such as 3-year moving average for Rice and Wheat, 5-year average for other crops, and 50% indemnity levels.
- Practise cattle and poultry chapters last: Many candidates skip chapters 11 to 13. These 3 chapters alone contribute 25 to 30 questions in the real exam.
- Time your mock tests strictly: Set a 2-hour timer and stop when it ends. Build real exam conditions from day one.
IC71 Pass Marks and Score Required to Clear the Exam
You need a minimum of 50 marks out of 100 to pass IC71. The Insurance Institute of India does not apply negative marking for wrong answers, so attempt every question even when unsure.
Candidates aiming for Associateship with higher aggregate scores should target 65 or above per paper. Regular IC71 mock test practice on this page builds the speed and accuracy needed to reach that target comfortably.
IC71 Mock Test – Frequently Asked Questions
The Insurance Institute of India (III) conducts IC71 as part of its Licentiate, Associateship, and Fellowship programme for insurance professionals. Candidates register directly on the III portal before attempting the exam.
Each full IC71 mock test contains 100 MCQs, mirroring the actual exam format. Chapter-wise tests carry 20 to 35 questions depending on chapter length and weight.
No, the IC71 exam carries zero negative marking. Wrong answers do not reduce your score. Attempt all 100 questions to maximise your result.
Chapters 5, 6, 7, 8, and 12 carry the highest question weight in IC71. These chapters cover crop insurance design, yield index underwriting, weather-based products, traditional underwriting, and cattle insurance. Together they account for roughly 50 out of 100 questions.
Mock tests alone are not enough to pass IC71. Read the III IC71 textbook chapter by chapter first. Then use chapter-wise mock tests to test your understanding and full-length mock tests to build exam speed and accuracy.
