Note that the key phrase is geometric sequence. If arbritrary subsequences were allowed, then any real number in the range $[0,2]$ would work. The question is essentially asking which of the above has binary representation which is a geometric series. Geometric sequences of this form must have common ratio $r=\frac{1}{2^n}$ and first term $a=\frac{1}{2^m}$ for some $n>0,m\geq0$, hence sum which can be represented as
$$\frac{a}{1-r} = \frac{\frac{1}{2^m}}{1-\frac{1}{2^n}} = \frac{1}{2^m-2^{m-n}}\quad n>0,m\geq0$$
If $m\geq n$, we see that this representation is in lowest terms. If $m<n$, then
$$ \frac{1}{2^m-2^{m-n}} = \frac{2^{n-m}}{2^{n}-1} $$
is in lowest terms. In either case, the denominator in lowest terms is a difference of powers of 2. Convince yourself that of the above answers, only $\frac{1}{7}$ can be represented in this way.
Hint: If $m>n$, then $2^{m-1}\leq2^m-2^n<2^m$