What does the roundabout ahead warning sign mean?
A roundabout is ahead, so slow down and yield to traffic already in it
This yellow diamond warns that a roundabout is ahead. Slow down on approach, watch for pedestrians at the yield line, and yield to traffic already circulating. Vehicles in the roundabout have the right-of-way.
Why the other answers are wrong
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No U-turns are permitted ahead
No U-turn is a regulatory sign: a red circle with a line through the turn symbol. This is a yellow diamond, which warns of what is coming rather than banning anything.
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Traffic ahead flows clockwise around a central island
The direction is backwards. In an Ontario roundabout you pass the central island on your right, so traffic moves counter-clockwise, and the curved arrows on the sign show that same direction.
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A detour around a closed traffic circle is ahead
Detours are temporary condition signs, and those are orange with black symbols. This one is yellow, a standing warning, and the roundabout ahead is open and working normally.
Quick way to remember
A yellow diamond warns of what is coming; the curved arrows show how traffic moves.
Based on the official Ontario MTO Driver's Handbook.
Reading it once is not enough
Drill this question in a scored round and find out what else you are shaky on.
Practise Road Signs: The Basics