The correct option is C will
The given sentence is a conditional question, as it begins with if. The sentence can be written in this form, too, to understand it better: "What ___ you do if you find a magic lamp?"
The first clause, "If you find a magic lamp" is in the simple present tense. This suggests that it is a Type 1 conditional. Type 1 conditionals refer to possible conditions (find a magic lamp) and their probable results. When the if-clause is in the simple present tense, then the main clause "what ___ you do?" shall be in the simple future tense.
In short, Type 1 conditionals are of this form: if + clause (simple present) + main clause (simple future)
Option C: 'Will' is used to indicate the simple future tense in type 1 conditionals, hence C is the most appropriate option.
Option D: In contrast, 'shall' does not indicate the future in conditional (hypothetical) sentences. Hence option D is incorrect.
Option A: 'Do' refers to the simple present, whereas the main clause refers to the probable future.
Option B: 'Can' refers to possibility. It does not determine the tense of the sentence.
Hence options A and B are incorrect.