Which of the following statements regarding laterite soils of India are correct.

1. Laterities are generally red in colour

2. Lateriteis are deficient in nitrogen and potash

3. These are well developed in the hills of Karnatala, Kerala, M.P., Tamil Nadu, Assam and Eastern Ghat region of odisha

4. Tapioca and cashewnuts grow well on this soils

Select the correct answer using the codes given below.