1. PINB is the symbolic name for all the pins of Port-B Register when its IO lines are configured to work as "input lines" (Fig-1).

Figure-1:
2. The following lines are valid codes (Edit: except (2), see Post-10):
(1) byte y = PINB; //reading input status of all port pins of Port-B Register
(2) bool x = PINB0; //reading 1-bit input value from Bit-0 of Port-B Register
(3) bool x = digitalRead(8); //same as (2)
3. I personally do not like the following (though valid) code which writes on PINB; where, PINB is an input port. Traditionally, we write data onto an output port.
PINB = 0b00101010; //?