ORA-01023: Cursor context not found (Invalid cursor number)
Cause : The cursor number is not a valid open cursor.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Make sure that the cursor is open.
Well, the reason for above error is that i have taken the above script from a 11g database and running it on 10g database. 11g has bring some changes in password management. Below code is executed on 11g and user created successfully, which is expected result.