Hello Janice! Thank you for your question!
Yes, you can do it. I will show you how.
So, you need just go to Properties in the iSpring Quizmaker toolbar, then to Question Properties and here you can select how many points for the question the user will lose with every attempt.
Then edit the Feedback, so when the answer is incorrect, the user will get a hint.
I hope this information will be of use to you. Let me know if you have any additional questions!