Professor Juniper gives you a master ball after defeating Iris/Drayden. An agent in the Pokemon Centre of Castelia City will give another after you make 50+ trades in the GTS
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Yes, if you have a Pokemon hold a Master Ball and then trade the Pokemon, you will have transfered the Master Ball.
no it won't be holding a master ball cos when you used the master ball to catch a certain Pokemon, the master ball will be gone in your inventory because it is a consumable.
to get a 2nd master ball trade with 50 diffrent people and go see a man in black in the castela pokemon center
No.
you use 1 master ball if you use action replay or you can let a Pokemon and trade it with the master ball. Don't listen to the kid on the top.........you cant trade a Pokemon that's holding an item from Soul Silver or any of those games to the white or black version.