Answer
False
Work Step by Step
We are given that a matrix $A$ is a $7 \times 3$ null matrix.
So, in the Rank-Nullity Theorem, $rank(A)=0$.
Hence:
$$rank(A)+nullity(A)=3
\\ \implies nullity(A) =3$$
But $|m-n|=|7-3|=4 \gt 3$
Hence, the given statement is false.