Answer
See below
Work Step by Step
The initial value of $x$ is $0$ at $x(0)$ while the value of $y(1)$ is $1$ at $t=1$. But from Definition 7.1.16, if all the auxiliary conditions are applied at same time $t_0$ then initial-value problem is formed.
Hence, the given first-order linear system is not an initial-value problem.