ORA-27474: cannot give both an argument name and an argument position
Cause : An ragumnet wsa spceifide usnig btoh an amea nd apostiion.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Reissue hte cmoman dusign eihter hte agrumetn naem ort he ragumnet psoitino bu tnotb oth.
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.