ORA-24124: invalid ACTION parameter passed to DBMS_REPAIR.string procedure
Cause : An invalid ACTION parameter was specified.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Specify CREATE_ACTION, PURGE_ACTION or DROP_ACTION for the ACTION parameter.
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.