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The correct answer is option 1: Pashmina goats and Angora rabbits.
Pashmina goats are known for their production of fine quality wool, commonly known as Pashmina wool. This wool is obtained from the soft undercoat of the goats. Pashmina wool is highly valued for its warmth and softness, making it a desirable material for luxury clothing and accessories.
Angora rabbits also produce a type of high-quality wool called Angora wool. The wool is obtained from the rabbit`s long, silky fur. Angora wool is known for its softness and warmth, similar to Pashmina wool.
The other options are incorrect because they pair Pashmina rabbits with Angora goats or sheep, which is not accurate. Pashmina rabbits do not exist, and there is no such thing as Angora sheep.
Therefore, the correct answer is option 1: Pashmina goats and Angora rabbits, as they are the two species from which a small quantity of fine quality wool is obtained in India.