If you restore a Cloud SQL instance backup, it will restore all the databases in that instance to the point when backup was taken. One thing to note here is that if you restore the backup in the same instance it will overwrite the current data with the one in backup [1].
You can see the General tips about performing a restore at [2].
[1]https://cloud.google.com/sql/docs/postgres/backup-recovery/restoring#restorebackups-same-instance
[2] https://cloud.google.com/sql/docs/postgres/backup-recovery/restore#tips-restore