Step 1: Molar conductivity (\( \Lambda_m \)) is related to the conductivity (\( \kappa \)) and the molarity (\( C \)) by the formula:
\[
\Lambda_m = \frac{\kappa}{C}
\]
Step 2: Given:
\[
\kappa = 0.01 \, \Omega^{-1} \text{cm}^{-1}, \quad C = 0.5 \, \text{M}
\]
Step 3: Calculate the molar conductivity:
\[
\Lambda_m = \frac{0.01}{0.5} = 0.02 \, \Omega^{-1} \text{cm}^2 \text{mol}^{-1}
\]
Thus, the molar conductivity is:
\[
\boxed{0.02 \, \Omega^{-1} \text{cm}^2 \text{mol}^{-1}}
\]