Answer:
The given statement is true.
Genetically modified foods or GM foods are the foods developed with the help of genetic engineering by which gene or genes from a different organism(s) are introduced into the genome of food.
The new genes develop new traits like high yield, resistance to disease or pathogen, pest-resistance, resistance to environmental changes such as drought, increased shelf-life et cetera.
Most common examples of GM foods are cotton (Bt-cotton), canola, soybean, et cetera.