@engineer,
The problem statement is a bit ambiguous. I interpreted the problem to be:
After selecting questions for five exams, what is the probability that ten or more questions appeared on at least two exams?
But this method seems to be trying to solve this problem:
When making the selections for the fifth exam, what is the probablity that ten or more of the current selections will have been selected previously?
In any case, this is wrong. The questions for each test would be sampled without replacement. The formula works for sampling with replacement. Testing the formula on a small case demonstrates this. For instance:
Question bank for exam has 7 questions from which 2 are selected at random for each exam. By the time of the third exam, what is the probability that n questions have been used more than once?