Canvas Quizzes (don't be fooled by their name, Quizzes are used for exams, finals, mid-terms, etc.) are the Canvas feature for creating all manner of traditional quizzes or exams. Canvas Quizzes can be graded or ungraded, feature a variety of question types, can be assigned to all students or selected groups, and feature many options for number of submissions, auto-grading, revealing of correct answers (or not), timing, etc.

Quizzes can be graded or practice (ungraded); the former shows up in the Gradebook, the latter will show the student a score if they choose to view it, but does not display in the Gradebook or count in grade calculation.

Overview

The following video provides an overview of the basics of creating and managing Canvas Quizzes:

304 - Quizzes Overview from Instructure Canvas Community. View transcript.

Question Types

Canvas questions include eleven question types, though the final two (essay and file upload) are often created as Assignments rather than Quizzes because, as assignments, they are available for markup and grading in SpeedGrader.

NOTE: if you teach a course that involves numbers in any way from simple addition up through advanced algebra and trigonometry, pay special attention to the Numerical Answer and Formula types in the list below.

The following Canvas Guides provide detail about the different question types you can use in a quiz:

Multiple Choice
True/False
Fill-in-the-Blank
Fill-in-Multiple-Blanks
Multiple Answers
Multiple Drop-down (can be used for Likert scale)
Matching
Numerical Answer
Formula (simple formula and single variable) [See also: a video tutorial on creating questions in which formula variables are randomized for each student]
Essay
File Upload

The Numerical Answer and Formula question types include the ability to provide randomized variables for each student and even allow for a particular margin of error. If you use either of these types, you might find the following videos on these topics helpful:

How to Add a Formula Question in Canvas - Randomize Question Values and Answer
Canvas: Creating a Numerical Answer Quiz Question

Quiz Details (Options)

Along with creating the quiz questions, you have a number of options for deploying the quiz, including:

The Assignment Group (used for grade weighting)
When the quiz is available and to whom
Whether to shuffle (randomize) the order of multiple choice answers
Whether to shuffle the questions
The time limit
The number of attempts allowed
Visibility of correct/incorrect answers (and when)

The "What options can I set in a quiz?" Canvas Guide goes into detail on the above options and more.