Polarization dependence of amplitude for resonant magnetic-field-induced coherent mixing of two collinear laser waves may be used for separating M1 and E2 contributions to n12P1/2(3/2)–n22P3/2(1/2) dipole-forbidden transition in atoms. In particular, the interference between E2 and M1 terms of the amplitude may cause linear polarization and circular dichroism
effects. The dependencies of the two polarization effects on the width and splitting of resonance levels, on resonance detuning, on relative directions of steady and alternating field vectors are determined. A static electric field may induce essential changes to the cross section for the magnetic-field-induced mixing, modifying its dependence on the magnetic field and incident wave polarization vectors. Relations between the M1/E2 amplitude ratio and quantitative characteristics of polarization asymmetry in cross section are determined. Numerical data are presented for coherent mixing of two laser waves on Cs, Rb and K atoms.