Can one use dynamic SQL within PL/SQL? OR Can you use a DDL in a procedure ? How ?

Can one use dynamic SQL within PL/SQL? OR Can you use a DDL in a procedure ? How ?
From PL/SQL V2.1 one can use the DBMS_SQL package to execute dynamic SQL statements.
Eg: CREATE OR REPLACE PROCEDURE DYNSQL
AS
cur integer;
rc integer;
BEGIN
cur := DBMS_SQL.OPEN_CURSOR;
DBMS_SQL.PARSE(cur,'CREATE TABLE X (Y DATE)', DBMS_SQL.NATIVE);
rc := DBMS_SQL.EXECUTE(cur);
DBMS_SQL.CLOSE_CURSOR(cur);
END;