$\def\QQ{\mathbb{Q}}$We compute that $$\begin{pmatrix}0&0\\a&b\end{pmatrix}\cdot\begin{pmatrix}\lambda&0\\f&g\end{pmatrix}=\begin{pmatrix}0&0\\\lambda a+fb&bg\end{pmatrix}$$ for all $a$, $b$, $f$, $g\in\QQ(x)$ and all $\lambda\in\QQ$. This describes the action of the ring on the module.
As you noticed, the subset of all elements of $M$ of the form $\begin{pmatrix}0&0\\a&0\end{pmatrix}$ with $a\in\QQ(x)$ ius a submodule $N$ of $M$. The formula above implies —and you should have no difficulty showing this— that if $V$ is any $\QQ$-subspace of $\QQ(x)$ then the set $$S_V=\left\{\begin{pmatrix}0&0\\a&0\end{pmatrix}:a\in V\right\}$$ is a submodule of $N$. This gives you many, many submodules.
Can you now find a descending chain of submodules?
A good excercise you can do is showing that in fact all proper submodules of $M$ are of the form $S_V$ for some $\QQ$-subspace of $\QQ(x)$.