Answer
False
Work Step by Step
Definition :- If $f(tx,ty)=t^nf(x,y)$ then $f(x,y)$ is called homogeneous function of degree $n$
$f(x,y)=\Large\frac{y^2+x}{x^2+2y^2}$
$f(tx,ty)=\Large\frac{t^2y^2+tx}{t^2(x^2+2y^2)}$
$f(tx,ty)\neq t^nf(x,y)$ for any $n$
Therefore $f(x,y)$ is not homogeneous function.