Answer:
FALSE
Step-by-step explanation:
As we know that magnetic force is given by

so here magnetic force is always perpendicular to the velocity of the moving charge
so here we can say

so here since it is not producing any power so here rate of work done is zero which means it will not do any work
while in electrostatic force we know that
F = qE
so here force is not perpendicular to displacement or velocity so it will do work