The accurate statements about Queen Elizabeth I are:
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She commissioned Francis Drake and Sir Walter Raleigh to explore the New World and seek out opportunities for English trade and settlement.
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The Elizabethan Age refers to the period when she was the reigning queen.
The other statements are not accurate:
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She did not declare England a Catholic nation; she established the Church of England and maintained a Protestant faith.
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She was the daughter of Henry VIII, but she was the third queen regnant of England (following Mary I and preceding Anne).
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While she sought to improve relations with Spain at times, her reign was marked by significant conflict with Spain, ultimately leading to the Spanish Armada in 1588.