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You are evaluating the proposed backup policy
HOTSPOT
You are evaluating the proposed backup policy.
For each of the following statements, select Yes if the statement is true, Otherwise, select No. NOTE: Each correct selection is worth one point.
Answer: 
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I think this:
Box 1: Yes
Scenario: Technical requirements: Ensure that an application server can be restored from a backup created during the last five days within 15 minutes.
Instant Restore has ‘The instance recovery snapshot(s) for 5 Day(s)’.
Box 2: No
Scenario: Ensure that all the production application servers can restore daily backups from the last 21 days.
The Retention of daily backup point is set to for 14 days only.
Box 3: Yes
Reference:
https://docs.microsoft.com/en-us/azure/backup/backup-instant-restore-capability