The correct option is C Three equatorial lone pairs on the central I atom and two axial bonding pairs in a trigonal bipyramidal arrangement
Hybridisation of I−3=12(7+2+1)=5=sp3d
So the geometry of the molecule is trigonal bipyramidal.
Number of bond pairs in I−3=2
So, Number of lone pairs in I−3=5−2=3
So the shape of the molecule is linear and there are three equatorial lone pairs on the central I atom and two axial bonding pairs in a trigonal bipyramidal arrangement.