Importance of PIB News in your IAS Prelims Preparation

The Press Information Bureau, commonly abbreviated as PIB, is a nodal agency of the Government of India. PIB disseminates information to the print, electronic and new media on

Government plans,
Policies,
Programme initiatives and
Achievements

All of these 4 pointers are of immense importance for IAS Prelims. The unique feature of PIB is that by the very nature of its roles & responsibilities, it never misses on any news (however unglamorous) related to policy matters. And this is precisely what UPSC looks for – How well versed an aspirant is with the priority areas of Indian Governance (Polity, Economics, World Affairs).
It is possible that Hindu or Indian Express might not cover (or give them lesser space) small, seemingly insignificant declarations like SWAYAM, TEEB etc. (which came in IAS Prelims 2016) but PIB ensures that everything is covered.

[IAS 2016] With reference to an initiative called ‘The Economics of Ecosystems and Biodiversity (TEEB)’, which of the following statements is/are correct?

It is initiative hosted by UNEP, IMF and World Economic Forum.
It is a global initiative that focuses on drawing attention to the economic benefits of biodiversity.
It presents an approach that can help decision-makers recognize, demonstrate and capture the value of ecosystems and biodiversity.

Select the correct answer using the code given below