The reactions $\rm{e}^{+} \rm{e}^{-} \rightarrow \rm{e}^{+} \rm{e}^{-} \pi^0 $ X and $\rm{e}^{+} \rm{e}^{-} \rightarrow \rm{e}^{+} \rm{e}^{-} \rm{K}^0_S $ X are studied using data collected at LEP with the L3 detector at centre-of-mass energies between 189 and 202 GeV. Inclusive differential cross sections are measured as a function of the particle transverse momentum $p_t$ and the pseudo-rapidity. For $ p_t \le 1.5$ GeV, the $\pi^0$ and $\rm{K}^0_S$ differential cross sections are described by an exponential, typical of soft hadronic processes. For $ p_t \ge 1.5$ GeV, the cross sections show the presence of perturbative QCD processes, described by a power-law. The data are compared to Monte Carlo predictions and to NLO QCD calculations.