Canvas's New Quizzes has been in use in select courses at Wharton since Spring 2019, and it will eventually replace Classic Quizzes. New Quizzes offers many benefits for remote exams, including an easy-to-use quiz building environment.
Creating a Quiz
To create a new quiz...
From the left navigation of your Canvas course, choose Quizzes then click the +Quiz button. You can create a quiz using Classic Quizzes or New Quizzes. Choose New Quizzes unless you need to bulk download file-upload submissions (a function available only in Classic Quizzes).
Click Submit.
On the assignment details page, give the quiz a name, point value, due date, and any availability dates. You'll set the time limit later in the quiz settings. You can edit the availability and due dates later, if necessary, by clicking the Quizzes link then clicking the 3-dot menu to the right of a quiz and selecting "Edit."
Click Save to launch New Quizzes.
TIP: Use availability dates to allow specific students to take the quiz at alternate times.
*Important: Unlike Classic Quizzes, New Quizzes does not automatically submit a student's in-progress quiz at the "Available Until" date, only at the end of the time limit. Be sure to set a time limit for timed quizzes and exams. Use "Moderate" to manually submit in-progress attempts if you need to enforce a due date.
Adding Instructions and Questions
Open the Build tab to start adding the quiz instructions and questions.
Use the "+" icon to add a new question.You will see a list of question types from which you can choose. (Question types are explained in the next section.)
Question Types
Your quiz can include a mix of automatically and manually graded questions.
TIP: Use a File Upload question to allow students to upload a file, to show their calculations or other work. This works well if the quiz involves a file students must download/print, complete and scan, and submit.
Item Banks
Use item banks to randomly pull from a pool of questions, adding variety to your quiz. To create an Item Bank, open any quiz in New Quizzes and click the options menu in the top right corner (next to Return). Click "Manage Item Banks" >" +Bank." Give the bank a name and click "Create Bank." To add questions, open the newly created bank and click "+New."
To add banked questions to a quiz, open the quiz and click the "+" icon to create a new question. Select the piggy bank icon, then open a specific item bank. Click the "All/Random" button, then close the item bank to return to the quiz. Click to edit the new question, then under the Question selection options, choose whether to "use all questions" or "Randomly select questions." Enter the points per question, and click "Done."
Quiz Settings
Open the Settings tab to configure quiz options:
Shuffle the order of all questions
Shuffle answers to individual questions
Show only one question at time
Require an access code
Set a time limit
Allow calculator
Allow multiple attempts to take the quiz
Restrict student result view (hide student responses, correct answers, point value, or feedback)
*Important: To prevent students from seeing their scores or submissions right after they submit the quiz, check the option to "Restrict student result view" and leave all other boxes unchecked. To release scores, open the quiz settings and un-check "Restrict student result view."
Permit additional time by choosing Moderate to the right of the student's name. Under Time adjustments, select Give additional time, enter the extended time, and close the tab.
Viewing and Grading Online Quizzes
Use Moderate to view student submissions, add more time or attempts for individual students, and to reopen a completed quiz.
Add a score for any manually graded questions in SpeedGrader. (Final quiz scores cannot be directly edited in the Gradebook.)
Regrading Questions
You can regrade any automatically graded question, but this should be done only after all students have finished taking the quiz.
To regrade a question, open the Gradebook, click the options menu to the right of the quiz name, and select SpeedGrader.
From any student's submission, navigate to the question you need to regrade and click Regrade.
You can change the correct answer, add another accepted answer (for numeric and multiple answer questions), and/or change the point value. Click Regrade.
Select an option for awarding full points.
Click Regrade again to save your changes. (You may need to refresh the page to see the change.) A message will appear with each question that you regraded.
Releasing Scores
When you are ready for students to see their submissions and the correct answers, you should...
Open the quiz, and in the Settingstab, un-check Restrict student result view.
Open the Gradebook, and to the right of the column with the quiz name, click the Options menu to post grades.
Choose New Quizzes unless you need to bulk download file-upload submissions (a function available only in Classic Quizzes). 
You will see a list of question types from which you can choose. (Question types are explained in the next section.)
