Sultanah Yes, this is a built-in functionality of Qualtrics. You can read about scoring questions here. For immediate feedback, you'll want to check the box to show scoring "after each question."

jmborzick Thank you for sharing your expertise and we love that you provided the link to the scoring page

https://community.qualtrics.com/XMcommunity/discussion/comment/50229#Comment_50229Thank you very much.

Is there a way to also add a small description further explaining why certain questions are right or wrong? Right now it clearly shows what is the correct answer after the question, but I don’t see where I can also include an explanation/feedback. 

Thank you!

For such functionality, we need to create text/graphic question type with display logic on it for each of the questions.

@rondev I will look into that. Thank you!