first of all, you got your classpath in the wrong spot, it should be declared before you name the class to be executed.
secondly, you cannot set a classpath to a class file, only to directories which hold class files, or jars and zips which contain class files.
So, in your case, you would do:
java -cp C:\ Test
the explanation is: the classpath is set first, to the directory C:\ since that's where your Test.class file is
then you just have to name the class by itself, without any folder information since you set the classpath to find it in correct location.
be advised, the class name is case sensitive, so if it really is named "test.class" just write "test". But typically class files
have first letter capitolized.