The correct options are
B Exothermic reaction
C Dazzling white flame
The reaction between magnesium ribbon (Mg) and oxygen (O2) to form magnesium oxide (MgO) is a type of combination reaction as two reactants are combining together to form single product. The reaction involved is:
2Mg(s) +O2(g) → 2MgO(s)
The magnesium ribbon burns with a dazzling white flame along with the evolution of heat. Hence, this reaction is exothermic in nature.