Step 1: Formula for molar conductivity.
The molar conductivity (\( \Lambda_m \)) is given by the formula:
\[
\Lambda_m = \frac{\kappa}{C}
\]
Where:
\(\kappa\) is the conductivity,
\(C\) is the concentration.
Step 2: Re-arranging the formula.
Re-arrange the formula to calculate the concentration:
\[
C = \frac{\kappa}{\Lambda_m}
\]
Step 3: Substituting values.
Substitute the given values:
\[
C = \frac{6.0 \times 10^{-4} \, \Omega^{-1} \text{cm}^{-1}}{120 \, \Omega^{-1} \text{cm}^2 \text{mol}^{-1}} = 0.005 \, \text{M}
\]
Step 4: Conclusion.
The concentration of NaI solution is 0.005 M, so the correct answer is (C).