Final answer:
A 'Danger Point' sign typically indicates an intersection with high accident rates, which necessitates the installation of traffic signals to enhance safety for both vehicles and pedestrians.
Step-by-step explanation:
A "Danger Point" sign typically warns of an immediate hazard ahead. In the context provided, where numerous accidents have occurred, the appropriate answer would be (a) An intersection with high accident rates. Installing traffic signals at such intersections can significantly improve safety by regulating vehicle and pedestrian movement.
The reported traffic accidents, alongside the fact that pedestrians, including students, must navigate this dangerous intersection, underscore the necessity for traffic control measures.
When an intersection has a history of frequent accidents or issues with pedestrian safety, it is important for local authorities to take action, such as installing traffic signals, to mitigate the risks.