data = [ { "question" : "1. In an on-market transaction through ASX you are buying shares from", "feedback" : "It is other investors that you are buying shares from in a share trade. Both ASX and your stockbroker facilitate the transaction between you and the investor who is selling those shares. ASX provides the infrastructure for the operation of the sharemarket, while your broker acts as your agent in the market. There is only one instance when you are buying shares from the company and that is during the float.", "correctAnswer" : "3", "answers": [{ "optionId" : 1, "optionText" : "The ASX" }, { "optionId" : 2, "optionText" : "Your stockbroker" }, { "optionId" : 3, "optionText" : "Other investors" }, { "optionId" : 4, "optionText" : "The company concerned" }] }, { "question" : "2. Brokerage fees are set and regulated by ASX.", "feedback" : "Brokerage charges are set by individual stockbroking firms. Their charges do vary and will generally relate to the type of service they provide you.", "correctAnswer" : "2", "answers": [{ "optionId" : 1, "optionText" : "TRUE" }, { "optionId" : 2, "optionText" : "FALSE" }] }, { "question" : "3. Market price is best described as ", "feedback" : "Market price is a term used to describe the last reported sale price. If you place an order to sell shares 'at market' this generally means you are happy to accept the best prevailing price.", "correctAnswer" : "4", "answers": [{ "optionId" : 1, "optionText" : "The lowest price you are prepared to sell for" }, { "optionId" : 2, "optionText" : "The highest price paid for the shares that day" }, { "optionId" : 3, "optionText" : "The average price paid for the shares that day" }, { "optionId" : 4, "optionText" : "The last reported price for which the shares were sold" }] }, { "question" : "4. he trading of shares is like an auction with buyers and sellers offering their preferred prices.", "feedback" : "The buying and selling of shares on the sharemarket is a similar process to an auction. There are many buyers and sellers lining up to offer their preferred price for a particular share. When there is a match between a buyers price and a sellers price a trade occurs.", "correctAnswer" : "1", "answers": [{ "optionId" : 1, "optionText" : "TRUE" }, { "optionId" : 2, "optionText" : "FALSE" }] },{ "question" : "5. You are only permitted to use the services of one stockbroker.", "feedback" : "Investors can use the services of more than one stockbroker. Different stockbrokers offer different levels of service and have different fee structures. You can match the stockbroker you choose to use with the services that you require.", "correctAnswer" : "2", "answers": [{ "optionId" : 1, "optionText" : "TRUE" }, { "optionId" : 2, "optionText" : "FALSE" }] },{ "question" : "6. Many brokers allow you to set up certain parameters that need to be triggered before your order is entered into the sharemarket. These orders are known as", "feedback" : "Conditional orders allow you to set standing orders that are entered into the market when a particular trigger is met e.g. a sell order is triggered when the price falls to a certain point.", "correctAnswer" : "4", "answers": [{ "optionId" : 1, "optionText" : "Day only" }, { "optionId" : 2, "optionText" : "Market orders" }, { "optionId" : 3, "optionText" : "Fill or kill orders" }, { "optionId" : 4, "optionText" : "Conditional orders" }] }, { "question" : "7. Once a transaction has been executed, your broker will send you a ", "feedback" : "A contract note is sent to you by your stockbroker after each transaction. It contains all the details of that transaction and is important to keep for your records. A CHESS statement is sent on a monthly basis only if you are CHESS sponsored. Share certificates are no longer used.", "correctAnswer" : "2", "answers": [{ "optionId" : 1, "optionText" : "ASX Trade statement" }, { "optionId" : 2, "optionText" : "Contract note (confirmation)" }, { "optionId" : 3, "optionText" : " Share certificate" }, { "optionId" : 4, "optionText" : "CHESS Statement" }] },{ "question" : "8. It is possible to transfer shares to another party without going through a stockbroker", "feedback" : "By completing an 'off-market transfer form' it is possible to transfer the ownership of shares from one party to another without trading those shares on market. The share registry for the relevant company can assist with this process. ", "correctAnswer" : "1", "answers": [{ "optionId" : 1, "optionText" : "TRUE" }, { "optionId" : 2, "optionText" : "FALSE" }] }, { "question" : "9. What is the role of a share registry?", "feedback" : "Each ASX listed company engages the services of a share registry. A share registry is responsible for keeping the master list of who the shareholders for that company are. ASX Customer service 131 279 can tell you which share registry is providing services to which listed company.", "correctAnswer" : "4", "answers": [{ "optionId" : 1, "optionText" : "Register potential share traders" }, { "optionId" : 2, "optionText" : "Keep a register of all ASX listed companies" }, { "optionId" : 3, "optionText" : "Keep a register of all shares traded during the trading day" }, { "optionId" : 4, "optionText" : "Keep a list of all of the shareholders of a particular ASX listed company" }] },{ "question" : "10. Can you buy and sell shares at the ASX offices?", "feedback" : "It is not possible to buy and sell shares at ASX offices. ASX provides the infrastructure or market place that stockbrokers use to buy and sell shares on your behalf. All share trades need to occur through a stockbroker. ASX Customer Service 131 279 can help you get in touch with a broker that suits your needs.", "correctAnswer" : "2", "answers": [{ "optionId" : 1, "optionText" : "YES" }, { "optionId" : 2, "optionText" : "NO" }] } ];