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

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

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

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

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