Leydig cells secrete:

The correct answer is Option (3) → Androgens

Option (3) Androgens — Correct. The Leydig (interstitial) cells lie between the seminiferous tubules. Under the action of LH they make and secrete the male hormones, androgens, which stimulate spermatogenesis.

NCERT Extract:
The Male Reproductive System – “… Each lobule contains one to three highly coiled seminiferous tubules in which sperms are produced. Each seminiferous tubule is lined on its inside by two types of cells called male germ cells (spermatogonia) and Sertoli cells (Figure 2.2 ). The male germ cells undergo meiotic divisions finally leading to sperm formation, while Sertoli cells provide nutrition to the germ cells. The regions outside the seminiferous tubules called interstitial spaces, contain small blood vessels and interstitial cells or Leydig cells (Figure 2.2). Leydig cells synthesise and secrete testicular hormones called androgens.”