QTI
The IMS Question and Test Interoperability specification (QTI) defines a standard format for the representation of assessment content and results, supporting the exchange of this material between authoring and delivery systems, repositories and other learning management systems. It allows assessment materials to be authored and delivered on multiple systems interchangeably. It is, therefore, designed to facilitate interoperability between systems.
The specification consists of a data model that defines the structure of questions, assessments and results from questions and assessments together with an XML data binding that essentially defines a language for interchanging questions and other assessment material. The XML binding is widely used for exchanging questions between different authoring tools and by publishers. The assessment and results parts of the specification are less widely used.
Background
QTI was produced by the IMS Global Learning Consortium, which is an industry and academic consortium that develops specifications for interoperable learning technology. QTI was inspired by the need for interoperability in question design, and to avoid people losing or having to re-type questions when technology changes. Developing and validating good questions can be time consuming, and it's desirable to be able to create them in a platform and technology neutral format.