Step 1: Write the given values.
Initial speed of water is:
\[
v_1 = 1.0 \, \text{ms}^{-1}
\]
Initial area of tap is:
\[
A_1 = 1 \, \text{cm}^2
\]
Distance below the tap is:
\[
h = 15 \, \text{cm} = 0.15 \, \text{m}
\]
Step 2: Find the speed of water after falling through \( 0.15 \, \text{m} \).
Using equation of motion:
\[
v_2^2 = v_1^2 + 2gh
\]
Step 3: Substitute the values.
\[
v_2^2 = (1)^2 + 2(10)(0.15)
\]
\[
v_2^2 = 1 + 3
\]
\[
v_2^2 = 4
\]
Step 4: Calculate final speed.
\[
v_2 = 2 \, \text{ms}^{-1}
\]
Step 5: Apply equation of continuity.
For steady flow of water:
\[
A_1v_1 = A_2v_2
\]
Step 6: Calculate the cross-sectional area below the tap.
\[
A_2 = \frac{A_1v_1}{v_2}
\]
\[
A_2 = \frac{1 \times 1}{2}
\]
\[
A_2 = 0.5 \, \text{cm}^2
\]
Step 7: Final Answer.
Therefore, the cross-sectional area of the stream is:
\[
\boxed{0.5 \, \text{cm}^2}
\]