Development of Laterite soil is the result of which of the following?

-Laterite soil is formed as a result of the leaching process due to heavy rainfall.
-Leaching is a naturally occurring process in which the soluble substances are lost from the top layer of the soil due to precipitation. These particles travel downwards and get deposited in the lower layers.
-Laterite soil is found in the tropical and subtropical regions and is rich in aluminum and iron.