To answer this question, you need to have some knowledge of ancient Indian geography.
Option A) Indus and Jhelum - This option is correct because the ancient town of Takshashila was located between the Indus and Jhelum rivers. Takshashila was an important center of learning and is believed to have been one of the oldest universities in the world, attracting scholars and students from various parts of the world.
Option B) Jhelum and Chenab - This option is incorrect because Takshashila was not located between the Jhelum and Chenab rivers.
Option C) Chenab and Ravi - This option is incorrect because Takshashila was not located between the Chenab and Ravi rivers.
Option D) Ravi and Beas - This option is incorrect because Takshashila was not located between the Ravi and Beas rivers.
The correct answer is Option A) Indus and Jhelum. This option is correct because the ancient town of Takshashila was indeed located between the Indus and Jhelum rivers.