Step 1: Write the formula for cell constant.
\[
\text{Cell constant} = \frac{l}{A}
\]
where \(l\) is the distance between electrodes and \(A\) is the area of cross-section.
Step 2: Substitute the given values.
\[
\text{Cell constant} = \frac{0.98}{1.96}
\]
Step 3: Calculate the value.
\[
\text{Cell constant} = 0.5\,\text{cm}^{-1}
\]
Step 4: Conclusion.
Hence, the cell constant of the conductivity cell is \(0.5\,\text{cm}^{-1}\).