All are true regarding Kwashiorkar except –
Fatty liver
Edema
Megaloblastic anemia not responding to folic acid
Bitot's spot
Megaloblastic anemia due to folic acid deficiency responds well to folic acid supplementation.

Associated nutritional deficiencies in PEM

Iron deficiency → Anemia (Microcytic hypochromic)
Folate & Vit B12 deficiency → Anemia (megaloblastic).
Vit A deficiency →  Xeropthalmia (Night blindness, conjuctival xerosis, 'Bitot's spot, corneal xerosis, keratomalacia).
Vit B2 deficiency → Ariboflavinosis. 
Vit C deficiency → Scurvy
Vit D deficiency → Skeletal changes of rickets may not be clinically overt as no growth is occurring during malnutrition (Rickets is a disease of growing skeleton). Rickets becomes evident during Dietary therapy, when skeleton starts growing again → Paradoxical rickets.