...
You can create or import question banks for reuse in multiple assessments. When you select bank questions for an assessment, copies of the questions are created and added to the assessment. You can edit the copies in your assessment without affecting other assessments. Changes you make to one instance of the question or content aren't reflected in the other instances. If you want changes to show in all instances, you must find and edit each copied instance. Only .zip files are supported if you choose to import a question bank.
Supported question types
...
Create a new question bank in an Ultra Course
From the details and actions menu click on the Manage Banks link. The question bank panel will slide open. Click on the purple plus sign and select New to create a new question bank.
Add a name and a description. Click save. Adding a description to the question bank helps to organize your question banks. In addition, it will allow you to search for specific question banks using the search field.
Add questions to a question bank by clicking on the plus sign. A list of supported question types will open. Select a question type and follow the prompts for adding your question. Select the Automated Feedback if you want students to see the feedback you type. Use the grade pill box to change the point value. Click Save and repeat for as many questions as you want to add.
Supported question types
Once you have entered in all of your questions, you can search the question bank for a specific question by selecting a question type and/or typing in a key descriptor.
...
...
Import a Question Bank from outside resource
...