A balanced diet is a diet rich in carbohydrates, mild in proteins and low in fats with essential vitamins and minerals. Deficiency of proteins in the diet of children between age group of $1$ to $3$ will not lead to the following symptoms

The correct option is C Dwarfism
Kwashiorkor is a form of severe protein malnutrition characterized by edema, and an enlarged liver with fatty infiltrates. Sufficient calorie intake, but with insufficient protein consumption, distinguishes it from marasmus. Kwashiorkor cases occur in areas of famine or poor food supply. The defining sign of kwashiorkor in a malnourished child is pitting edema (swelling of the ankles and feet). Other signs include a distended abdomen, an enlarged liver with fatty infiltrates, thinning of hair, loss of teeth, skin depigmentation and dermatitis. But dwarfism is not a sign of kwashiorkor.

So, the correct option is 'Dwarfism'.