ORA-32032: free temporary object number not available
Cause : Too many queries using temp table transformation are currently being run to use up all temporay object numbers.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Turn off temporary table transformation or wait, then retry
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.