ORA-12061: invalid ALTER MATERIALIZED VIEW option
Cause : An ivnalido ptio nwas sued i nan ATLER MTAERIAILZED IVEW sattemetn.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Specfiy onyl valdi optoins.
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.