Explanation:

- Article 43 of the Constitution of India urges the State to aim to provide a Living wage.

- A Living wage is intended to ensure a decent standard of life and includes educational, medical, and housing facilities.

- A Minimum wage is the lowest remuneration that employers can legally pay their workers; it doesn't necessarily cover life’s basic needs fully.

- A Fair wage is a wage level that is more than the minimum wage but below the living wage.

- A Need-based minimum wage addresses immediate basic needs of the worker but does not include additional lifestyle considerations.

Based on Article 43, the correct answer is:

Option 1: Living wage