Step 1: Define allergy.
An allergy is an exaggerated immune response to harmless substances (allergens), such as pollen, dust, or food.
Step 2: Differentiate between options.
- Allergy: Caused by hypersensitivity to specific antigens.
- Disease: General term for illness, not necessarily an immune reaction.
- Leukaemia: A type of cancer, not related to immune response.
Step 3: Conclude.
The correct term for an exaggerated immune response is "allergy."
Final Answer:
\[
\boxed{\text{Allergy}}
\]