Yes. 'Quiz Lady' is indeed based on a true story. Many elements in the story might have been adapted from real experiences. For example, the concept of a quiz - loving character could be inspired by someone who was really into quizzes in real life. This gives the movie or story a sense of authenticity as it can tap into the emotions and situations that are likely to have occurred in real - life scenarios related to quiz - taking and the like.
I don't think so. The Quiz Lady seems to be more of a fictional concept developed for entertainment purposes rather than being rooted in real-life events or individuals.
Not really. The Quiz Lady is mostly a fictional creation with elements that might draw inspiration from various sources but not based on a specific true event or person.