Yes it is possible. You can use examdesign+RndTexExams where you can create and graduate randomized exams.
See this link https://cran.r-project.org/web/packages/RndTexExams/vignettes/rte-vignette_creating_exams.html and the example
into this link: https://gist.github.com/msperlin/ef1b93a8eb9026ba5e9a
\documentclass[10pt]{examdesign}
% loads all necessary packages (feel free to customize for your needs)
\usepackage{amsmath}
\usepackage{graphicx}
\usepackage[utf8]{inputenc}
\usepackage{pifont}
\usepackage[english]{babel}
\usepackage{fancyhdr}
\pagestyle{fancy}
\usepackage{totpages}
\usepackage[margin=0.9in]{geometry}
\renewcommand{\headrulewidth}{0.0pt}
\usepackage{framed}
\SectionFont{\large\sffamily}
\Fullpages
\ContinuousNumbering
\DefineAnswerWrapper{}{}
\NumberOfVersions{1}
%\ShortKey % shows a short key answer sheet
\NoKey % Print key ?
\NoRearrange % Random arrange with latex? (leave it UNCOMMENTED, R will do all of the dirty work)
\newcommand{\myversion}{} % this line is very important as it locates and allows the printed test to show the number of the test (DONT DELETE IT)
% You probably want to change the next lines
\newcommand{\UniName}{Name of my University}
\newcommand{\DeptName}{My Department}
\newcommand{\ClassName}{My Class Name}
\newcommand{\MyName}{Author: My name}
\newcommand{\ExamName}{Exam Name: Version \myversion}
\newcommand{\TermName}{Current Term}
\rfoot{Random test \# \myversion}
\begin{document}
\begin{examtop}
% detais of the exam (you should probably edit this!)
\begin{center}
\textbf{\Large \UniName} \\
\textbf{\Large \DeptName} \vspace{0.5cm} \\
\textbf{\Large \ClassName} \\
\textbf{\Large \MyName} \\
\textbf{\Large \ExamName } \\
\textbf{\Large \TermName}
\end{center}
\vspace{1cm}
Name: \rule{4in}{.4pt} \quad \noindent Card:\enspace\hrulefill
%\rule[1ex]{\textwidth}{2pt}
\vspace{1cm}
\small
\begin{framed}
Instructions for this test:
\begin{itemize}
\item Make sure you finish before the end of the exam time
\item There is only one correct answer in all multiple choice questions
\item Don't cheat!
\end{itemize}
\vspace{0.5cm}
{\large \emph{Good Luck!}}
\end{framed}
\begin{framed}
Instructions on how to use RndTexExams (DELETE THIS IN THE FINAL VERSION)
\begin{itemize}
\item The switch statements for the text of the questions, including main text and answers are defined as @{Text for version 1}|{Text for version 2}@. For each question, fell free to define as many versions as needed.
\item You can define the right answer in each version of the test by assigning the character [!] or [ver] in the right answer for version ver. See the rest of the file for examples.
\end{itemize}
\end{framed}
\end{examtop}
\vspace{1cm}
\begin{multiplechoice}[resetcounter=no, examcolumns=1]
\begin{question}
Which one is the correct answer in the next five alternatives?
\choice{Choice 1}
\choice{Choice 2}
\choice{Choice 3}
\choice{Choice 4}
\choice[!]{Choice 5 - CORRECT}
\end{question}
\begin{question}
Consider the following statements:
\begin{enumerate}[I]
\item The color of the sky is generally @{blue}|{red}@
\item R has a @{high}|{low}@ number of packages for empirical research in Finance
\item Microsoft word is @{better}|{worse}@ than latex for creating structured documents
\end{enumerate}
Are correct:
\choice{[1] I and II}
\choice{II and III}
\choice{I, II and III}
\choice{[2] Only III}
\choice{Only I}
\end{question}
\begin{question}
Which of the next answers do you think is the correct one? (there are three versions of this question. This is version @{1}|{2}|{3}@)
\choice{Choice 1 - Incorrect in all versions}
\choice{[1] Choice 2 - @{Correct in version 1}|{Incorrect in version 2}|{Incorrect in version 3}@}
\choice{[3] Choice 3 - @{Incorrect in version 1}|{Incorrect in version 2}|{Correct in version 3}@}
\choice{Choice 4 - Incorrect in all versions}
\choice{[2] Choice 5 - @{Incorrect in version 1}|{Correct in version 2}|{Incorrect in version 3}@}
\end{question}
\begin{question}
Consider the following statements:
\begin{enumerate}[I]
\item Latex is @{good}|{bad}@ for structured documents
\item Working with R and latex is a @{good}|{bad}@ choice for writing up and marking tests
\item We @{love}|{hate}@ R
\end{enumerate}
Which statements are true?
\choice{I e II}
\choice{[1] I, II e III}
\choice{Only III}
\choice{I e III}
\choice{[2] None of the other options}
\end{question}
\end{multiplechoice}
\end{document}
You can see another link: http://www.math.uakron.edu/~dpstory/eqexam.html or https://www.sharelatex.com/learn/Typing_exams_in_LaTeX.
