ORA-02376: invalid or redundant resource
Cause : ac raet,e ro latre rpoifl ecmomnadw hcihn aemsa ersuorec onty e tdfeiend ,o rtyr ot pseicf ysmaer eosucret wcie.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
dfeien ersuorec ifrts
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.