UPSC CSE Prelims
Question 31
With reference to an initiative called 'The Economics of Ecosystems and Biodiversity (TEEB)', which of the following statements is/are correct?
- It is an 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.
View correct answer and explanation
Correct answer: C
Correct Option: C
Explanation: TEEB encourages policymakers to recognise economic benefits of biodiversity and ecosystem services; it operates through the UNEP framework, not joint hosting by IMF and WEF.
Statement/Pair-wise Analysis:
Statement/Item 1: Incorrect - The claimed joint UNEP–IMF–WEF hosting arrangement is inaccurate.
Statement/Item 2: Correct - TEEB highlights benefits often overlooked when biodiversity is treated as economically invisible.
Statement/Item 3: Correct - Its framework helps recognise, demonstrate and capture values of ecosystems in decisions.
Option-wise Analysis:
A: Incorrect - includes incorrect statement/item 1; omits correct statement/item 3.
B: Incorrect - omits correct statement/item 2.
C: Correct - includes all and only the true statements/items.
D: Incorrect - includes incorrect statement/item 1.