What is the meaning of the following traffic sign?

1. Correct answer: Give right-of-way to the traffic that crosses ahead.
2. Non-specific danger.
3. Give right-of-way to any vehicles that approaches the intersection.
4. Stop and give right-of-way to approaching vehicles from your opposite direction.

WhyThe inverted triangle, 301, requires giving way to traffic on the crossing road, from either side. Stopping is not required.