You don't need to know what a "geometric progression" is on the GMAT, but it's a sequence where we multiply by some constant to find the next term. So here, if a is the first term, and we multiply by r to find each subsequent term, we could write the three terms this way:
a, ar, ar^2
But if that's a geometric sequence, so is this:
ar^2, ar, a
because here we're multiplying by 1/r to find the next term. These sequences have exactly the same terms, so will have the same product, and the same "sum of products taken in pairs". So there will need to be two different solutions here unless every term of the sequence is identical, and since we can quickly confirm that's not the case (the terms would need to all be 3 since their product is 27, but then we don't get the right "sum of terms taken in pairs"). So the answer must be E.
Or you can use the notation above and the fact that the product is 27 to see that (a)(ar)(ar^2) = 27, so a^3 * r^3 = 27, and ar = 3. Since ar is the second term, we know the middle term of the sequence is 3. Then it's easy enough to test answer choices. There's also an algebraic way to deal with the "sum of products taken in pairs" -- you can rewrite the equation ar = 3 as: a = 3/r. Then substituting for "a", the terms of the sequence become 3/r, 3, 3r, and then we can use the fact that the "sum of products taken in pairs is 91" to produce an equation. That equation, though, is a messy quadratic (one solution is not an integer), one that doesn't have any immediately obvious factorization, so algebra is not a very fun way to complete the question.