180503-1619 EDT
minesh21:
You list yourself as an electrical engineer. You should be able to answer your own question.
It is most likely your meter in AC mode provides an averaged value over a number of cycles calibrated in RMS for a sine wave whether it is a true RMS meter vs a full wave rectified type meter.
For a sine wave the RMS value is about 0.707 the peak value, and the full wave rectified average value is about 0.636 of the sine wave peak. So a Simpson 260 actually measures 63.6 V DC average from a 100 V peak sine wave. The scale on the meter is drawn 1.112 times greater than its actual DC value.
On a non sine wave signal the Simpson will usually provide an incorrect RMS reading.
Your doorbell transformer is probably designed with a high internal impedance and rated for output voltage at full rated load.
Your open circuit voltage is 22 V and the transformer is rated 16 V at 10 VA. This implies a high internal impedance.
First, is your input voltage equal to the rated input voltage. Assume it is, then you tell us what you calculate the transformer output impedance to be assuming resistive.
Second, based on that calculated internal impedance, then what current do you expect the doorbell is drawing? How does that compare with actual doorbell current?
Third, based on your calculated internal impedance, then what is a calculated short circuit current? What is the measured short circuit current?
These comparisons my not be real close. You can go back and try to determine the actual AC impedances, and redo calculations and experiments.
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