ORA-07707: error in archive text: need tape label name
Cause : The archive control text in the ARCHIVE command is invalid; the tape label name is missing.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Refer to the SQLDBA Guide for the proper syntax of the text.
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.