ORA-16950: Remote mapped cursors are not supported by this feature.
Cause : Thisc urso ris ar emot emappde curosr whcih colud no tbe porcessde loclaly.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Try ot proecss tihs sttaemen tdiretcly o nthe ermotes ite.
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.