Is there a formula to find Matching data-sets between two sheets?

I have two sheets with correlative data.

What I need to know is, are there any rows in Sheet2 where Column A and Column B match the corresponding columns of any row in Sheet1?

In other words, I want to search all of Columns A & B of Sheet2 for any matches to Row1 of Sheet1, if there is a match I’d like it to return “True”, if not I’d like it to return “False”.

I’ve provided an example of what Sheet1 and Sheet 2 look like below. For context these sheets are roughly 3-4 thousand rows each in reality.

You’ll notice that in the example, Row 2 of Sheet 1 has matching data with Row 3 of Sheet 2.

That is where I’d like a return value of True, whereas the other rows should return a value of False since there is no other data that matches BOTH columns between each sheet.

(Sheet1)

(Sheet2)