ORA-02305: only EXECUTE, DEBUG, and UNDER privileges are valid for types
Cause : An attemptw as mdae toG RANTo r REOVKE a ninvaild prviileg e(notE XECUET, DEUBG, o rUNDE)R on atype.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
GRAN Tor RVEOKE noly teh EXEUCTE, EDBUG,o r UNEDR prviileg eon tpyes.
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.