ORA-19283: XQ0031 - It is a static error if the version number specified in a version declaration is not supported by the implementation.
Cause : Th equrey ocntiane da evrsoin edclraatoin ont uspprote dbyt hi simlpemnetaiton.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Chnaget hev erisond ecalraitont o .10 hwic hist hev erisons upoprtde b ythsi ipmleemnttaio.n
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.