Final answer:
Most of Elizabeth's Privy Council were Anglican, exemplified by Sir Robert Dudley, reflecting the religious direction of the Elizabethan Settlement that sought a middle path between Catholicism and Calvinism.
Step-by-step explanation:
The religion of most of Elizabeth's Privy Council was Anglican, with Sir Robert Dudley being an example. The Elizabethan Settlement solidified the Church of England's unique position which was a middle way between Catholicism and Calvinist Protestantism.
This compromise was reflected in liturgical practices and theological positions of the Church, such as allowing priests to marry, while retaining some traditions from Catholic ceremonies. Elizabeth's reign was marked by efforts to navigate a moderate religious path amidst Catholic and Puritan pressures, ultimately establishing the Church of England's distinct identity which the Privy Council members were aligned with.