The quiz tool in Canvas allows you to assess student's knowledge of course concepts. There are four types of "quizzes" that can be created in Canvas:
This is the most common type of quiz. Creating a graded quiz automatically creates a column in the gradebook. Questions that have a predetermined answer will be automatically graded.
Similar to a graded quiz except that the quiz does not add an entry in the gradebook.
This option lets you solicit opinions and comments from students but they are not given a grade for answering.
This option allows instructors to give points for completing the survey but will not let you grade on right/wrong answers.
Tutorials for Creating Quizzes: