Wondershare QuizCreator

Free – if you install it today – June 25, 2008.

Wondershare QuizCreator – a robust Flash quizzing and testing tool
that helps instructors easily create Flash-based quizzes and tests as
online assessments to track and manage learning performance.More than efficient edting, QuizCreator can integrate a variety of
multimedia and interactivity to engage and interact with learners.
Owing to the customized player templates, flexible publishing options
and advanced results tracking and reporting kit, QuizCreator is ideal
to create professional quizzes with little skills and efforts.

Looks useful, though I haven’t had a chance to install it yet.