{"id":91385,"date":"2025-06-01T10:54:42","date_gmt":"2025-06-01T10:54:42","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=91385"},"modified":"2025-06-01T10:54:42","modified_gmt":"2025-06-01T10:54:42","slug":"with-reference-to-an-initiative-called-the-economics-of-ecosystems-an","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-an-initiative-called-the-economics-of-ecosystems-an\/","title":{"rendered":"With reference to an initiative called &#8216;The Economics of Ecosystems an"},"content":{"rendered":"<p>With reference to an initiative called &#8216;The Economics of Ecosystems and Biodiversity (TEEB)&#8217;, which of the following statements is\/are correct?<\/p>\n<ul>\n<li>1. It is an initiative hosted by UNEP, IMF and World Economic Forum.<\/li>\n<li>2. It is a global initiative that focuses on drawing attention to the economic benefits of biodiversity.<\/li>\n<li>3. It presents an approach that can help decision-makers recognize, demonstrate and capture the value of ecosystems and biodiversity.<\/li>\n<\/ul>\n<p>Select the correct answer using the code given below.<\/p>\n<p>[amp_mcq option1=&#8221;1 and 2 only&#8221; option2=&#8221;3 only&#8221; option3=&#8221;2 and 3 only&#8221; option4=&#8221;1, 2 and 3&#8243; correct=&#8221;option3&#8243;]<\/p>\n<div class=\"psc-box-pyq-exam-year-detail\">\n<div class=\"pyq-exam\">\n<div class=\"psc-heading\">This question was previously asked in<\/div>\n<div class=\"psc-title line-ellipsis\">UPSC IAS &#8211; 2016<\/div>\n<\/div>\n<div class=\"pyq-exam-psc-buttons\"><a href=\"\/pyq\/pyq-upsc-ias-2016.pdf\" target=\"_blank\" class=\"psc-pdf-button\" rel=\"noopener\">Download PDF<\/a><a href=\"\/pyq-upsc-ias-2016\" target=\"_blank\" class=\"psc-attempt-button\" rel=\"noopener\">Attempt Online<\/a><\/div>\n<\/div>\n<section id=\"pyq-correct-answer\">\nThe correct option is C, as statements 2 and 3 are correct, while statement 1 is incorrect.<br \/>\n<\/section>\n<section id=\"pyq-key-points\">\n&#8211; Statement 1 is incorrect. &#8216;The Economics of Ecosystems and Biodiversity (TEEB)&#8217; initiative was initiated by Germany and the European Commission in response to a G8+5 proposal and was hosted by the United Nations Environment Programme (UNEP). While IMF and World Economic Forum are important global bodies, they are not the primary hosts of TEEB.<br \/>\n&#8211; Statement 2 is correct. TEEB is indeed a global initiative focused on drawing attention to the economic benefits of biodiversity and the costs of biodiversity loss and ecosystem degradation.<br \/>\n&#8211; Statement 3 is correct. TEEB provides a structured approach to help decision-makers at various levels recognize, demonstrate, and capture the value of ecosystems and biodiversity in policy and business decisions.<br \/>\n<\/section>\n<section id=\"pyq-additional-information\">\nTEEB aims to integrate the values of biodiversity and ecosystem services into decision-making by highlighting the growing cost of biodiversity loss and ecosystem degradation and demonstrating how economics can help to create better policies. It provides a global framework for assessing, valuing, and incorporating biodiversity and ecosystem services into accounting and reporting.<br \/>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>With reference to an initiative called &#8216;The Economics of Ecosystems and Biodiversity (TEEB)&#8217;, which of the following statements is\/are correct? 1. It is an initiative hosted by UNEP, IMF and World Economic Forum. 2. It is a global initiative that focuses on drawing attention to the economic benefits of biodiversity. 3. It presents an approach &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"With reference to an initiative called &#8216;The Economics of Ecosystems an\" class=\"read-more button\" href=\"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-an-initiative-called-the-economics-of-ecosystems-an\/#more-91385\">Detailed Solution<span class=\"screen-reader-text\">With reference to an initiative called &#8216;The Economics of Ecosystems an<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1092],"tags":[1098,1224,1136],"class_list":["post-91385","post","type-post","status-publish","format-standard","hentry","category-upsc-ias","tag-1098","tag-biodiversity","tag-environment-and-ecology","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>With reference to an initiative called &#039;The Economics of Ecosystems an<\/title>\n<meta name=\"description\" content=\"The correct option is C, as statements 2 and 3 are correct, while statement 1 is incorrect. - Statement 1 is incorrect. &#039;The Economics of Ecosystems and Biodiversity (TEEB)&#039; initiative was initiated by Germany and the European Commission in response to a G8+5 proposal and was hosted by the United Nations Environment Programme (UNEP). While IMF and World Economic Forum are important global bodies, they are not the primary hosts of TEEB. - Statement 2 is correct. TEEB is indeed a global initiative focused on drawing attention to the economic benefits of biodiversity and the costs of biodiversity loss and ecosystem degradation. - Statement 3 is correct. TEEB provides a structured approach to help decision-makers at various levels recognize, demonstrate, and capture the value of ecosystems and biodiversity in policy and business decisions.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-an-initiative-called-the-economics-of-ecosystems-an\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"With reference to an initiative called &#039;The Economics of Ecosystems an\" \/>\n<meta property=\"og:description\" content=\"The correct option is C, as statements 2 and 3 are correct, while statement 1 is incorrect. - Statement 1 is incorrect. &#039;The Economics of Ecosystems and Biodiversity (TEEB)&#039; initiative was initiated by Germany and the European Commission in response to a G8+5 proposal and was hosted by the United Nations Environment Programme (UNEP). While IMF and World Economic Forum are important global bodies, they are not the primary hosts of TEEB. - Statement 2 is correct. TEEB is indeed a global initiative focused on drawing attention to the economic benefits of biodiversity and the costs of biodiversity loss and ecosystem degradation. - Statement 3 is correct. TEEB provides a structured approach to help decision-makers at various levels recognize, demonstrate, and capture the value of ecosystems and biodiversity in policy and business decisions.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-an-initiative-called-the-economics-of-ecosystems-an\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-01T10:54:42+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"With reference to an initiative called 'The Economics of Ecosystems an","description":"The correct option is C, as statements 2 and 3 are correct, while statement 1 is incorrect. - Statement 1 is incorrect. 'The Economics of Ecosystems and Biodiversity (TEEB)' initiative was initiated by Germany and the European Commission in response to a G8+5 proposal and was hosted by the United Nations Environment Programme (UNEP). While IMF and World Economic Forum are important global bodies, they are not the primary hosts of TEEB. - Statement 2 is correct. TEEB is indeed a global initiative focused on drawing attention to the economic benefits of biodiversity and the costs of biodiversity loss and ecosystem degradation. - Statement 3 is correct. TEEB provides a structured approach to help decision-makers at various levels recognize, demonstrate, and capture the value of ecosystems and biodiversity in policy and business decisions.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-an-initiative-called-the-economics-of-ecosystems-an\/","og_locale":"en_US","og_type":"article","og_title":"With reference to an initiative called 'The Economics of Ecosystems an","og_description":"The correct option is C, as statements 2 and 3 are correct, while statement 1 is incorrect. - Statement 1 is incorrect. 'The Economics of Ecosystems and Biodiversity (TEEB)' initiative was initiated by Germany and the European Commission in response to a G8+5 proposal and was hosted by the United Nations Environment Programme (UNEP). While IMF and World Economic Forum are important global bodies, they are not the primary hosts of TEEB. - Statement 2 is correct. TEEB is indeed a global initiative focused on drawing attention to the economic benefits of biodiversity and the costs of biodiversity loss and ecosystem degradation. - Statement 3 is correct. TEEB provides a structured approach to help decision-makers at various levels recognize, demonstrate, and capture the value of ecosystems and biodiversity in policy and business decisions.","og_url":"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-an-initiative-called-the-economics-of-ecosystems-an\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2025-06-01T10:54:42+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-an-initiative-called-the-economics-of-ecosystems-an\/","url":"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-an-initiative-called-the-economics-of-ecosystems-an\/","name":"With reference to an initiative called 'The Economics of Ecosystems an","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2025-06-01T10:54:42+00:00","dateModified":"2025-06-01T10:54:42+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"description":"The correct option is C, as statements 2 and 3 are correct, while statement 1 is incorrect. - Statement 1 is incorrect. 'The Economics of Ecosystems and Biodiversity (TEEB)' initiative was initiated by Germany and the European Commission in response to a G8+5 proposal and was hosted by the United Nations Environment Programme (UNEP). While IMF and World Economic Forum are important global bodies, they are not the primary hosts of TEEB. - Statement 2 is correct. TEEB is indeed a global initiative focused on drawing attention to the economic benefits of biodiversity and the costs of biodiversity loss and ecosystem degradation. - Statement 3 is correct. TEEB provides a structured approach to help decision-makers at various levels recognize, demonstrate, and capture the value of ecosystems and biodiversity in policy and business decisions.","breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-an-initiative-called-the-economics-of-ecosystems-an\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-an-initiative-called-the-economics-of-ecosystems-an\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-an-initiative-called-the-economics-of-ecosystems-an\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"UPSC IAS","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/upsc-ias\/"},{"@type":"ListItem","position":3,"name":"With reference to an initiative called &#8216;The Economics of Ecosystems an"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/mcq\/#website","url":"https:\/\/exam.pscnotes.com\/mcq\/","name":"MCQ and Quiz for Exams","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/mcq\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/mcq\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/91385","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/comments?post=91385"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/91385\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=91385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=91385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=91385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}