Drop 2 I

The Drop 2 I voicing of C7 stacks G, C, E and Bb from the bottom up: the 5th, root, major 3rd and minor 7th of the chord.

It's one of the Drop 2 voicings: four-note chords in close position with the second note from the top dropped an octave, played over the root. The others for C7 are Drop 2 II, Drop 2 III and Drop 2 IV.