Solution:Due to presence of iron oxides, laterite soils are generally red in colour. Laterite soils have low content of nitrogen, potash, phosphorous lime and magnesia.
They are well developed on highlands of Madhya Pradesh, Maharashtra, Chhattisgarh, Jharkhand, Karnataka, Telangana, Andhra Pradesh, Kerala, Tamil Nadu, Meghalaya etc, (and not plains of Rajasthan and Uttar Pradesh).
Plantation crop like cashew nuts and tapioca grow well in this soil. Hence, statements 1 and 4 are correct.