The correct meaning of the term ‘State’, as defined in Article 12 of the Constitution of India, is provided in option 4. It refers to the Government of India, Parliament of India, Governments and or other authorities within the territory of India.

Let`s break down the options to understand why option 4 is correct:

- Option 1 states that the term `State` refers only to the Government of India. However, this is not accurate as Article 12 of the Constitution of India includes other entities as well.

- Option 2 suggests that the term `State` refers only to the Government of India and the Parliament of India. This is also incorrect because Article 12 encompasses more than just these two entities.

- Option 3 claims that the term `State` refers only to the Government of India, Parliament of India, and Governments and Legislatures of each State. While this option includes the States` Governments and Legislatures, it fails to mention other authorities within the territory of India.

Therefore, option 4 is the correct answer as it covers the Government of India, Parliament of India, Governments, and other authorities within the territory of India.