When i was a kid they use to talk about Kazaam...

See, you already have a soft copy, isn't it. Creating them thus in moodle won't take more than 2 hrs for about 100 questions in gift format.
If you don't wanna do that, then HOW WILL MOODLE MARK THE QUESTIONS WHEN THE STUDENTS ARE MARKING THE ANSWERS ON PAPER??
The other option is, you just create a question paper checking key in moodle.
Do this:
Create a quiz.
Create 100 questions (for example) in gift format like this:
1{~1 ~2 ~3 = ~5}
2{~1 ~2 ~3 ~4 =5}
etc etc ( use = for right option and ~ for wrong)
Upload them and put them in quiz. you will have a quiz with 100 Qs
Now someone will just have to sit and mark the answers on the comp quickly. Your students themselves can do it (keep feedback off)
And Lo! your correction is done and scores are available
(Isn't this what u wanted????)

)
(cool)