Nuclear Power Engineering
The main purpose of control rod in a nuclear reactor is to control the

Chain reaction and hence the power output by regulating the number of secondary neutrons causing fission
Conversion of fissile material into fertile material
Velocity of the secondary neutrons
Emission of hazardous radiation

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Nuclear Power Engineering
Water is a better coolant than a gas (like CO₂, He, N₂ etc.), because it

All of these
Has a better heat transfer characteristics, and it can be pressurised to attain a high temperature
Is a better neutron moderator as well
Requires comparatively smaller pumps and heat exchanger for a given heat transfer rate

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