What is the meaning of the following traffic sign?

1. You have right-of-way on the narrow road.
2. Correct answer: Give right-of-way in a narrow road to traffic from the opposite direction.
3. Traffic restrictions on the right of the road.
4. Two-way traffic ahead.

WhyThe red arrow pointing your way on sign 304 means: on the narrow section, give way to oncoming traffic. Oncoming vehicles have priority.