ECONOMICS

COST ACCOUNTING

TRANSFER PRICING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the independence threshold used in Greece?
A
10%
B
25%
C
30%
D
33%
Explanation: 

Detailed explanation-1: -In 1832, a Treaty of Constantinople acknowledged Greece as an independent nation. The Greek War of Independence (from the year 1821–to the year 1829), as well known colloquially as the Greek Revolution, was a successful war fought by Greeks to gain independence from the Ottoman Empire.

Detailed explanation-2: -Greece was part of the Ottoman Empire from the 15th century. Its struggle for independence began in 1821. In 1832, the Treaty of Constantinople recognised Greece as an independent nation.

Detailed explanation-3: -Independence was finally granted by the Treaty of Constantinople in July 1832 when Greece (Hellas) was recognized as a free country. The Greeks were the first of the subject peoples of the Ottoman Empire to secure recognition as a sovereign power. Greeks celebrate their independence day annually on March 25.

Detailed explanation-4: -This forced the Ottomans to accept Greek autonomy in the Treaty of Adrianople and autonomy for Serbia and the Romanian principalities. After nine years of war, Greece was finally recognized as an independent state under the London Protocol of February 1830.

There is 1 question to complete.