Step 1: The cell reaction is:
\[
\text{Cu}^{2+} + 2e^- \rightarrow \text{Cu} \quad (E^0 = +0.34V)
\]
\[
\text{Ag}^+ + e^- \rightarrow \text{Ag} \quad (E^0 = +0.80V)
\]
Step 2: The overall cell reaction:
\[
\text{Cu} + 2\text{Ag}^+ \rightarrow \text{Cu}^{2+} + 2\text{Ag}
\]
Step 3: The e.m.f. of the cell is calculated as:
\[
E_{\text{cell}} = E^0_{\text{cathode}} - E^0_{\text{anode}}
\]
\[
E_{\text{cell}} = 0.80 - 0.34 = 0.46V
\]
Thus, the e.m.f. of the cell is **0.46V**.