ORA-35074: (QFHEAD02) EIF file string cannot be read by this version of string.
Cause : The EIF file was created with an internal version number indicating it may contain objects that are not compatible with the current Oracle OLAP version, or the EIF file is in an obsolete format.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
If possible, set EIFVERSION in the exporting instance to a lower number, recreate the EIF file, and import the new file.
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.