Pramod Follow the below given steps :

Install all the library which are mandatory to run odoo. also install postgresql and create users.

Then copy the source code in repository and start the server.

Go to browser and type : localhost:8069/web/database/manager and restore the db.

Please drop me an email on odoo@aktivsoftware.com for further assistance

You can restore a backup created by the Odoo GUI (/web/database/manager) on another Odoo instance by restoring it in the GUI. But of course the other instance must be a complete Odoo instance with all dependencies and all the same modules installed.