I use multiple choice quizzes a lot in assessing my information literacy classes with DCU Business School (an example described here). The downside of MCQ quizzes is that they’re a bit boring, they can be easy to bluff your way through and they arguably encourage (or can only assess) surface  learning (Nicol 2007 p.54). 

An interesting twist on MCQ quizzes is to instead get the students to write the questions, share them among a class and ask them to answer, rate and comment on the questions. Assessments like this have been tried for a while without tech. (Denny 2008) and for a few years there has been a free social platform, PeerWise which does all this online.