Information Centric Networking (ICN) is one of the proposed alternative paradigms to improve traditional network performance. In ICN architecture, caching is used to enhance the efficiency of the content distribution. The major challenge for designing caching in ICN architecture is determining how a content is cached, including both the content placement policy and the replacement policy. There are many in-network caching mechanisms for ICN. In this paper, we study the performance of various content placement policies in combination with multiple content replacement policies. We evaluate these policies on different performance metrics for different network traffic patterns. These results will be helpful in designing caching mechanisms for the ICN architecture.