Apparent power is \$V_{RMS}\times I_{RMS}\$ as shown on the phasor diagram below: -

To measure the apparent power you multiply the RMS measurements of voltage and current.
If you had a wattmeter you could also measure the true power and then compute reactive power using \$ \sqrt{P_{apparent}^2 - P_{true}^2}\$.
This enables you to compute iron losses in the transformer.
Side question, if secondary is shorted, will voltage across the
primary head towards zero?
Don't short the secondary unless you are connected to a supply that is much, much lower than the normal intended operating voltage of the primary or you might get a fire.
Shorting the secondary (in order to determine copper losses for instance) is usually done by controlling the primary voltage with a variable transformer such that the shorted secondary current is at (and not above) full operating level. This usually means that the primary voltage is down at possibly one-twentieth of its normal operating level.