data = [
    {
     "question" : "1. If you are not a shareholder in a company, how can you obtain a copy of the annual report",
      "feedback" : "A company's annual report is freely available to download from the company announcements section of the ASX website. Company announcements are published live on the ASX website. Many companies also place their annual reports on their own website.",
      "correctAnswer" : "2",
      "answers": [{
         "optionId" : 1,
         "optionText" : "By going to ASX offices in person"
        },
        {
          "optionId" : 2,
         "optionText" : "By searching the company announcements section of the ASX website"
        },
         {
          "optionId" : 3,
         "optionText" : "You cannot, only shareholders are permitted to receive the annual report"
        },
        {
          "optionId" : 4,
         "optionText" : "By attending the Annual General Meeting (AGM)"
        }]
    },
    {
     "question" : "2. Which section of a company's annual report may provide you with explanations on key changes in the calculation of a company's financials",
      "feedback" : "The financial tables provide an excellent snap shot of past and present performance. They can be limited in the way they display information though. If there has been significant change in accounting policy, an important one off event, etc, then the details of that change may be found in the notes to the financial statements.",
      "correctAnswer" : "4",
      "answers": [{
         "optionId" : 1,
         "optionText" : "Operations review"
        },
        {
          "optionId" : 2,
         "optionText" : "The 20 largest shareholders"
        },
        {
         "optionId" : 3,
         "optionText" : "The cash flow statement"
        },
        {
          "optionId" : 4,
         "optionText" : "The notes to the financial statement"
        }]
    },
    {
     "question" : "3. As well as financial statements, most annual reports contain which of the following",
      "feedback" : "The annual report contains a wealth of information. Investors can use them to provide a useful insight into how the company has performed over the past financial year and what their prospects are.",
      "correctAnswer" : "4",
       "answers": [{
         "optionId" : 1,
         "optionText" : "Comparisons with like companies, market ratios"
        },
        {
          "optionId" : 2,
         "optionText" : "Review of operations, product list"
        },
        {
         "optionId" : 3,
         "optionText" : "Analyst report summaries, complete list of shareholders"
        },
        {
          "optionId" : 4,
         "optionText" : "Directors statement, top 20 shareholders, review of operations, corporate governance statement"
        }]
    },
    {
     "question" : "4. Dividend yield is the dividend",
      "feedback" : "The dividend yield is the dividend expressed as a percentage of the share price. This is the rate that can be used to compare the income generated from one investment to that from other investments. Other factors such as the level of dividend franking and the change in dividend yield from the previous period help to paint a more complete picture.",
      "correctAnswer" : "3",
      "answers": [{
         "optionId" : 1,
         "optionText" : "Shown as a percentage of the average day's bid price"
        },
        {
          "optionId" : 2,
         "optionText" : "Multiplied by the earnings per share"
        },
        {
         "optionId" : 3,
         "optionText" : "Shown as the percentage of the last sale price"
        },
        {
          "optionId" : 4,
         "optionText" : "Divided by the earning per share"
        }]
    },{
     "question" : "5. A company's PE ratio reflects the market's view of the earnings potential of the company. When compared to the PE ratios of other companies in the same sector, what does a high PE ratio indicate",
      "feedback" : "PE ratio is a commonly published ratio. The PE ratio is simply the share price divided by the earning per share (EPS). The PE ratio shows how many times, in years, it will take for your purchase to be covered by earnings. The PE ratio reflects the market's view of the earnings potential of the company. A low PE ratio suggest that the market expects no growth or lower profits, while a high PE ratio suggests that the market expects high growth and a higher profit. Compare the PE ratio of a company you are looking at to that of other companies in the same sector and the market as a whole.",
      "correctAnswer" : "2",
      "answers": [{
         "optionId" : 1,
         "optionText" : "That the market expects neutral growth and neutral profit"
        },
        {
          "optionId" : 2,
         "optionText" : "That the market expects high growth and higher profit"
        },
        {
          "optionId" : 3,
         "optionText" : "PE ratios cannot be interpreted without factoring the future dividend yield"
        },
        {
          "optionId" : 4,
         "optionText" : "That the market expects lower growth and lower profit"
        }]
    },{
     "question" : "6. You are analysing a company's balance sheet and discover its level of debt has increased from the previous year. Is increased debt always going to be a bad thing for a company",
      "feedback" : "A company's debt level and what this means for its financial health can be a difficult item to decipher. The majority of companies will always be carrying a certain level of debt. A company needs to source funds in order to continue growth. Increasing debt levels can be a warning sign, however if it is clear that the funds are being put to increasingly productive purposes and the service of that debt is not an issue, then an increase in debt can be a positive activity. ",
      "correctAnswer" : "2",
      "answers": [{
         "optionId" : 1,
         "optionText" : "TRUE"
        },
        {
          "optionId" : 2,
         "optionText" : "FALSE"
        }]
    },
    {
     "question" : "7. Fundamental analysis is a method of determining a company's intrinsic value.  Why is the determination of a company's value important ",
      "feedback" : "Fundamental analysis is forward looking even though the data used is by and large historical. The objective of fundamental analysis is to determine a company's intrinsic value or its growth prospects. This intrinsic value can be compared to the current value of the company as measured by the share price. If the shares are trading at less than the intrinsic value then the shares may be seen as good value.",
      "correctAnswer" : "1",
       "answers": [{
         "optionId" : 1,
         "optionText" : "If a company's shares are trading at less than  their intrinsic value then they may be seen as good value and worthy of investment"
        },
        {
          "optionId" : 2,
         "optionText" : "Company valuation is not necessary because the market will always correctly value of company"
        },
        {
         "optionId" : 3,
         "optionText" : "If a company's shares are trading at a premium to their intrinsic value then that company may be seen as good value and worthy of investment"
        },
        {
          "optionId" : 4,
         "optionText" : "Because determining intrinsic value provides a guaranteed investment"
        }]
    },{
     "question" : "8. Fundamental analysis is a study of the numbers contained in the balance sheets only",
      "feedback" : "Fundamental analysis is the study of the various factors that affect a company's earnings and dividends. Fundamental analysis studies the relationship between a company's share price and the various elements of its financial position and performance. Fundamental analysis also involves a detailed examination of the company's competitors, the industry or sector it is a member of and the broader economy.",
      "correctAnswer" : "2",
      "answers": [{
         "optionId" : 1,
         "optionText" : "TRUE"
        },
        {
          "optionId" : 2,
         "optionText" : "FALSE"
        }]
    },
    {
     "question" : "9. What are the key elements of a company's financial statement",
      "feedback" : "The financial statement represents financial position and financial performance of an entity. Its aim is to provide information about the financial position, financial performance and cash flows of an entity. Financial reports also show the results of management performance. This information has a wide number of users so a standard method of display is set out by the Australian Accounting Standards Board.",
      "correctAnswer" : "3",
      "answers": [{
         "optionId" : 1,
         "optionText" : "A balance sheet, a directors statement and the list of shareholders"
        },
        {
          "optionId" : 2,
         "optionText" : "Notes to the accounts, significant shareholdings, capital raisings and distributions"
        },
        {
          "optionId" : 3,
         "optionText" : "A balance sheet, an income statement, a statement of changes in equity, a cash flow statement, and notes."
        },
        {
          "optionId" : 4,
         "optionText" : "Dividend yield, PE ratio and EPS."
        }]
    },{
     "question" : "10. What does the Earnings Per Share (EPS) figure indicate",
      "feedback" : "EPS is the portion of the profit earned for every ordinary share on issue. It shows at a glance the growth in earnings from one year to the next and the relative size of earnings to dividends. It is also essential for calculating the Price Earnings ratio.",
      "correctAnswer" : "1",
       "answers": [{
         "optionId" : 1,
         "optionText" : "It shows at a glance the growth in earnings from one year to the next and the relative size of earnings to dividends."
        },
        {
          "optionId" : 2,
         "optionText" : "The relative strength of the dividend yield from one year to the next"
        },
        {
         "optionId" : 3,
         "optionText" : "The ability for management to set the appropriate gearing level for the company"
        },
        {
          "optionId" : 4,
         "optionText" : "The growth in the number of shares on issue from one year to the next"
        }]
    }
  ];