Version has to be stated in the Azure Portal form-based editor when creating a new minor version (as per below)

Creating a minor version then impacts the URL a consumer would use ... e.g.
http://someapi.azure-api.net/sampleapi/**v1.0.16**/investor-pricing/...... etc
Customer would like to only have the major version reflected in the path e.g.
http://someapi.azure-api.net/sampleapi/v1/investor-pricing/...... etc
minor/patch version should be kept so it can get exported as version tag in the openapi spec file.
This is more of a feature request than a bug. Note: passing version as header or query parameter would not be suitable for the customers setup.