I couln’t find this in SO and thought it might be worth finding it here as the oracle documentation doesn’t specify it.
http://docs.oracle.com/cd/B28359_01/server.111/b28286/functions023.htm
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Tested on Oracle 10g.
So, the answer is
256EDIT:
As suggested by Bob Duell:
🙁
EDIT:
The limit on 11.2.0.3 appears to be 65,535.
The above script will not work with that many arguments. You can test the limit by creating and running a very large SQL statement, with a script like the one below.