You create a Recovery Services vault backup policy named Policy1 as shown in the following exhibit

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You create a Recovery Services vault backup policy named Policy1 as shown in the following exhibit.

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Answer:

Explanation:

Box 1: 10 years

The yearly backup point occurs to 1 March and its retention period is 10 years.

Box 2: 36 months

The monthly backup point occurs on the 1 of every month and its retention period is 36 months.

Note: Azure retention policy takes the longest period of retention for each backup. In case of conflict between 2 different policies.

Reference: https://docs.microsoft.com/en-us/microsoft-365/compliance/retention?view=o365-worldwide