ORA-24274: no row exists in the string table for these parameters
Cause : A call was made to update a row that does not exist or a foreign key value supplied to create a table does not exist.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Create the row using the appropriate API or check the parameters used to create the new row to ensure that all specified values exist.
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.