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The Olympic Committee adopted the symbol/flag in 1914, and it was first flown at the 1920 Antwerp Games.
There are 5 rings on the Olympic flag: blue, yellow, black, green, and red.Or if you count the two small rings where they attach the flag to the flagpole, seven.
There are 6 colours on the Olympic flag - blue, black, red, yellow, green and white.Read more: How_many_colours_are_in_the_olympic_flag
Nope - the Olympic flag is a modern item. It signifies the five continents where the Olympics are held - and at least one of the colours of the rings appears on every flag of the participating countries.
Every country has at least one of these colors on their flag