Abstract: Metacognitive confidence is defined as the confidence generated from the observation and critical analysis of one's own the decision making process. There are various studies indicative of the importance of measurement of confidence level of the person while doing a task. The existing confidence level measurement methods provide various limitations such invasive and complex experimental setup, noise and artifacts in the signal. A system and method for determining confidence level of a person using electroencephalogram has been provided. The system is configured to build a metric to determine the amount of metacognitive confidence, in presence of different cognitive load condition, directly from brain activity using electroencephalogram signals. The brain activity acquired from the frontal and temporal part of the brain at different frequency bands and combined with suitable weights to form the confidence metric.