A literary term used to describe a satire or comedy is called -

• A literary term used to describe a satire or comedy is called farce.
A farce is a literary genre and type of comedy that makes use of highly exaggerated and funny situations aimed at entertaining the audience. Farce is also a subcategory of dramatic comedy, which is different from other forms of comedy as it only aims at making the audience laugh.

- Satire is a literary device for the artful ridicule of folly or vice as a means of exposing or correcting it.
- Comedy is generally defined as a literary work that is written to amuse or entertain a reader.
- Hymn is a religious song or poem in praise of God.
- Allegory is a literary term in which one story is told in the guise of another story.
- Parable - an allegorical story usually containing a moral lesson

Source: An ABC of English Literature - Dr M Mofizar Rahman & literarydevices.net