Q. “Washington Consensus” is related to which of the following?

[A] Economic reforms

[B] Bilateral trade

[C] Balance of payments measures

[D] Fiscal Federalism

Answer: A

Washington Consensus is a collective term used for 10 economic policy prescriptions (economic reforms) as a part of a “standard” reform package promoted for crisis-wracked developing countries.  

Washington Consensus was advocated by Washington, D.C.-based institutions viz. International Monetary Fund (IMF), World Bank, and the US Treasury Department. 

Source: TMH Ramesh Singh