The Nobel Memorial Quiz is part of the Sweden India Nobel Memorial Week which is celebrating its 10th anniversary this year.
The national quiz competition will be held in eleven cities across India and the grand finale will take place in New Delhi during the Nobel Memorial Week on October 7 this year, the statement added.
Participation in the competition is open to all under-graduate and post-graduate students in teams of three, representing a college.
"National winners of the quiz will get an all-expense paid trip to Sweden, where they will get to visit headquarters of the partnering companies, Swedish universities and the Nobel Museum," the statement said.
The Sweden India Nobel Memorial Week 2016 comprises a number of events ranging from seminars and panel discussions to competitions for students and cultural performances.
These events take place across Mumbai, Pune, Bengaluru, Chennai, Hyderabad, Ahmedabad, Kolkata, Guwahati, Bhubaneswar, Indore and New Delhi.
There will also be daily questions and prizes to be won on the 'Sweden in India' Facebook page, according to the embassy statement.
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