When you see a chequered flag being waved, what does it signify?

The chequered flag is a universally recognized symbol in motorsport that indicates the conclusion of a race or a session. When a chequered flag is waved, it signifies that the race is officially over, and competitors should stop racing and complete their laps in a safe and controlled manner. This flag is also used to signal the winner of the race and can often be seen during various motorsport events, reinforcing its importance as a clear and distinct signal for drivers. Understanding this flag and its meaning is crucial for safe participation in racing events, as it marks the transition to the cooldown phase after intense competition.

The other options do not align with the meaning of the chequered flag; for instance, a warning flag would indicate unsafe driving, while a command to return to the pits would usually be signalled by another flag or an official. Similarly, a penalty being issued would require different signals such as a black flag. Thus, recognizing the chequered flag as the end of a session or race is key for all participants in motorsport events.